Marks and Spencer Group (LON:MKS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Marks and Spencer Group plc (LON:MKS – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 367.24 and traded as high as GBX 387.10. Marks and Spencer Group shares last traded at GBX 380, with a volume of 4,138,937 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MKS shares. Berenberg Bank boosted their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research report on Thursday, May 21st. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. Citigroup lifted their price target on shares of Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, August 13th. Finally, UBS Group restated a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a research report on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 432.50.

View Our Latest Stock Report on Marks and Spencer Group

Marks and Spencer Group Trading Up 0.1%

The company has a fifty day moving average of GBX 389.33 and a 200-day moving average of GBX 367.31. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. The company has a market capitalization of £7.82 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 0.20 and a beta of 0.99.

Insider Activity

In other news, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total value of £2,151,943.68. 0.47% of the stock is owned by corporate insiders.

Marks and Spencer Group Company Profile

(Get Free Report)

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.

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