Marks and Spencer Group (LON:MKS) Stock Passes Above 200-Day Moving Average of $247.95

Marks and Spencer Group plc (LON:MKS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 247.95 ($3.09) and traded as high as GBX 250.30 ($3.12). Marks and Spencer Group shares last traded at GBX 250.20 ($3.11), with a volume of 3,244,288 shares traded.

Analyst Ratings Changes

MKS has been the topic of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating and set a GBX 300 ($3.73) price target on shares of Marks and Spencer Group in a research report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on Marks and Spencer Group from GBX 260 ($3.24) to GBX 330 ($4.11) and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 287 ($3.57).

Marks and Spencer Group Stock Down 1.8 %

The company has a market cap of £4.99 billion, a price-to-earnings ratio of 1,229.00, a PEG ratio of 3.10 and a beta of 1.57. The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 115.61. The business has a fifty day moving average of GBX 247.85 and a two-hundred day moving average of GBX 248.04.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.