Marks and Spencer Group (LON:MKS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Marks and Spencer Group plc (LON:MKSGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 363.29 and traded as high as GBX 390. Marks and Spencer Group shares last traded at GBX 384.50, with a volume of 5,879,789 shares.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada cut shares of Marks and Spencer Group to a “sector perform” rating and boosted their price target for the stock from GBX 375 to GBX 400 in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Berenberg Bank reiterated a “hold” rating and issued a GBX 406 target price on shares of Marks and Spencer Group in a report on Wednesday, October 29th. Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Tuesday, October 14th. Finally, Citigroup upgraded shares of Marks and Spencer Group to a “buy” rating and boosted their target price for the stock from GBX 380 to GBX 440 in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 420.25.

Read Our Latest Report on Marks and Spencer Group

Marks and Spencer Group Trading Down 1.2%

The company has a fifty day simple moving average of GBX 371.09 and a 200-day simple moving average of GBX 363.29. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00. The stock has a market cap of £7.66 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 0.20 and a beta of 1.62.

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.

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