Marks and Spencer Group (LON:MKS) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Marks and Spencer Group plc (LON:MKS)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 361.79 ($4.86) and traded as high as GBX 404 ($5.42). Marks and Spencer Group shares last traded at GBX 402 ($5.40), with a volume of 4,989,291 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Royal Bank Of Canada dropped their target price on Marks and Spencer Group from GBX 420 to GBX 400 and set an “outperform” rating on the stock in a research report on Wednesday, July 16th. Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Tuesday. Finally, Citigroup raised Marks and Spencer Group to a “buy” rating and lifted their target price for the company from GBX 380 to GBX 440 in a research report on Monday, September 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 425.

Marks and Spencer Group Price Performance

The stock has a market cap of £8.11 billion, a price-to-earnings ratio of 2,871.43, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a 50-day simple moving average of GBX 359.46 and a two-hundred day simple moving average of GBX 361.79. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82.

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.