Marks and Spencer Group Plc (LON:MKS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $223.84 and traded as high as $205.60. Marks and Spencer Group shares last traded at $198.40, with a volume of 9,773,561 shares trading hands.

Several brokerages have weighed in on MKS. Goldman Sachs Group began coverage on shares of Marks and Spencer Group in a research note on Monday, September 2nd. They set a “sell” rating and a GBX 170 ($2.22) price objective on the stock. Peel Hunt cut shares of Marks and Spencer Group to a “hold” rating and decreased their price objective for the stock from GBX 300 ($3.92) to GBX 200 ($2.61) in a research note on Wednesday, October 2nd. Berenberg Bank decreased their price objective on shares of Marks and Spencer Group from GBX 250 ($3.27) to GBX 160 ($2.09) and set a “sell” rating on the stock in a research note on Monday, September 30th. UBS Group reaffirmed a “neutral” rating and set a GBX 205 ($2.68) price objective on shares of Marks and Spencer Group in a research note on Wednesday, October 2nd. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 290 ($3.79) price objective on shares of Marks and Spencer Group in a research note on Friday, September 20th. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Marks and Spencer Group currently has an average rating of “Hold” and a consensus target price of GBX 230.14 ($3.01).

The stock’s 50-day moving average price is GBX 188.81 and its 200-day moving average price is GBX 223.84. The company has a market capitalization of $3.87 billion and a price-to-earnings ratio of 94.48. The company has a quick ratio of 0.27, a current ratio of 0.67 and a debt-to-equity ratio of 66.87.

In related news, insider Archie Norman bought 55,000 shares of Marks and Spencer Group stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of GBX 180 ($2.35) per share, for a total transaction of £99,000 ($129,361.03).

Marks and Spencer Group Company Profile (LON:MKS)

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

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