Marks and Spencer Group (LON:MKS) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Marks and Spencer Group plc (LON:MKS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 352.63 and traded as high as GBX 356.20. Marks and Spencer Group shares last traded at GBX 347.90, with a volume of 14,989,647 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MKS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a report on Thursday, May 21st. UBS Group reiterated a “buy” rating and issued a GBX 425 price target on shares of Marks and Spencer Group in a report on Monday, May 18th. Citigroup cut their price objective on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Jefferies Financial Group restated a “buy” rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Marks and Spencer Group has an average rating of “Moderate Buy” and an average price target of GBX 418.57.

Marks and Spencer Group Price Performance

The business’s 50 day moving average price is GBX 348.58 and its 200-day moving average price is GBX 352.63. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The company has a market cap of £7.15 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02.

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. The business had revenue of GBX 1,727.36 billion during the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. As a group, analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current year.

Insider Buying and Selling

In other Marks and Spencer Group news, insider Alison Dolan sold 85,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. 0.49% of the stock is owned by corporate insiders.

Marks and Spencer Group Company Profile

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.