Marks and Spencer Group (LON:MKS) Shares Break Above 200-Day Moving Average – Time to Sell?

Shares of Marks and Spencer Group plc (LON:MKS) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 367.08 and traded as high as GBX 389.90. Marks and Spencer Group shares last traded at GBX 385.80, with a volume of 7,175,670 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MKS shares. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a report on Thursday, August 13th. Berenberg Bank restated a “buy” rating and issued a GBX 480 price target on shares of Marks and Spencer Group in a report on Thursday, September 17th. 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 report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group to an “overweight” rating and boosted their price objective for the stock from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 432.50.

Marks and Spencer Group Trading Up 0.6%

The firm has a fifty day moving average of GBX 386.32 and a 200 day moving average of GBX 367.47. The firm has a market capitalization of £8.20 billion, a PE ratio of 32.20, a P/E/G ratio of 0.20 and a beta of 0.98. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86.

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.