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

Marks and Spencer Group plc (LON:MKS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 363.15 ($4.69) and traded as high as GBX 369.90 ($4.78). Marks and Spencer Group shares last traded at GBX 367.80 ($4.75), with a volume of 869,145,813 shares.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, December 11th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Marks and Spencer Group currently has a consensus rating of “Buy” and an average target price of GBX 333.75 ($4.31).

Marks and Spencer Group Stock Up 1.0 %

The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42. The stock has a market cap of £7.38 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The firm’s fifty day moving average price is GBX 351.68 and its two-hundred day moving average price is GBX 363.46.

Marks and Spencer Group Company Profile

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.