Marks and Spencer Group (LON:MKS) Shares Cross Above 200 Day Moving Average – What’s Next?

by · The Markets Daily

Marks and Spencer Group plc (LON:MKS – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 354.36 and traded as high as GBX 378.99. Marks and Spencer Group shares last traded at GBX 375.85, with a volume of 3,616,423 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on MKS. Berenberg Bank upped their target price on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a report on Thursday, May 21st. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, May 20th. UBS Group reaffirmed a “buy” rating and issued a GBX 425 price target on shares of Marks and Spencer Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a report on Thursday, May 21st. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 440 target price on shares of Marks and Spencer Group in a report on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 418.57.

Check Out Our Latest Analysis on MKS

Marks and Spencer Group Stock Up 1.0%

The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The company’s fifty day moving average price is GBX 350.07 and its 200-day moving average price is GBX 354.76. The stock has a market capitalization of £7.72 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02.

Marks and Spencer Group (LON:MKS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. The company had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%. Analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current year.

Insider Activity at Marks and Spencer Group

In other news, insider Alison Dolan sold 85,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total transaction of £305,150. Corporate insiders own 0.49% of the company’s stock.

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. 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.

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