Marks and Spencer Group (LON:MKS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Marks and Spencer Group plc (LON:MKS) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 362.78 and traded as high as GBX 400.62. Marks and Spencer Group shares last traded at GBX 400, with a volume of 7,624,499 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MKS shares. Citigroup decreased their price target on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a report on Friday, May 22nd. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, July 16th. JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and raised their price target for the stock from GBX 440 to GBX 450 in a research report on Tuesday, July 21st. Berenberg Bank lifted their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marks and Spencer Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 422.50.

Marks and Spencer Group Trading Up 1.1%

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 business’s fifty day moving average is GBX 371.57 and its 200 day moving average is GBX 363.23. The firm has a market capitalization of £8.41 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 0.20 and a beta of 1.01.

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

Insider Transactions at Marks and Spencer Group

In related news, insider Alison Dolan sold 85,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total transaction of £305,150. Also, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total value of £2,151,943.68. Insiders own 0.45% of the company’s stock.

About Marks and Spencer Group

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.