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

Marks and Spencer Group plc (LON:MKS)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 365.37 ($4.85) and traded as high as GBX 404.10 ($5.36). Marks and Spencer Group shares last traded at GBX 402.91 ($5.35), with a volume of 11,155,580 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 333.75 ($4.43).

Marks and Spencer Group Trading Up 2.1 %

The firm’s 50-day moving average price is GBX 357.25 and its 200-day moving average price is GBX 365.88. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The company has a market cap of £8.26 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62.

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.