Marks and Spencer Group (LON:MKS) Stock Price Crosses Above 200 Day Moving Average of $128.76

Shares of Marks and Spencer Group plc (LON:MKS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 128.76 ($1.68) and traded as high as GBX 155.15 ($2.03). Marks and Spencer Group shares last traded at GBX 152.65 ($1.99), with a volume of 6,001,603 shares trading hands.

Several equities analysts have recently issued reports on MKS shares. HSBC boosted their price target on shares of Marks and Spencer Group from GBX 155 ($2.03) to GBX 170 ($2.22) and gave the company a “buy” rating in a report on Monday, January 18th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 180 ($2.35) price target on shares of Marks and Spencer Group in a report on Tuesday, January 19th. Barclays boosted their price target on shares of Marks and Spencer Group from GBX 140 ($1.83) to GBX 165 ($2.16) and gave the company an “overweight” rating in a report on Wednesday, January 20th. Finally, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, March 10th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 135.86 ($1.77).

The stock’s 50 day moving average price is GBX 149.36 and its 200 day moving average price is GBX 128.97. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 151.24. The company has a market capitalization of £3.06 billion and a price-to-earnings ratio of -18.71.

Marks and Spencer Group Company Profile (LON:MKS)

Marks and Spencer Group plc operates various retail stores. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Â’Food on the Move' products. It also provides womenswear, menswear, lingerie, kids wear, and home products; and financial services, including credit cards, current accounts and savings products, insurances, and mortgages, as well as renewable energy services.

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