Shares in Marks and Spencer Group (LON:MKS) break above its 200-day moving average of $298.68

Marks and Spencer Group plc (LON:MKS – Get Free Report ) share price broke above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 298.68 ($4.00) and has traded as high as GBX 377.91 ($5.06). Shares of Marks and Spencer Group last traded at GBX 372.60 ($4.98), with a volume of 6,347,679 shares traded.

Analyst upgrades and downgrades

Several research firms recently commented on MKS. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 350 ($4.68) price target on shares of Marks and Spencer Group in a research report on Friday, June 28th. Five equities research analysts have rated the stock with a buy rating. Marks and Spencer Group presently has a consensus rating of “Buy” and an average target price of GBX 327 ($4.37), based on data from MarketBeat.com.

Check out our latest report on Marks and Spencer Group

The price performance of the Marks and Spencer Group

The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86, and a quick ratio of 0.42. The stock has a 50 day simple moving average of GBX 339.81 and a two hundred day simple moving average of GBX 298.68. The company has a market cap of £7.58 billion, a price-to-earnings ratio of 1,774.29, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62.

About Marks and Spencer Group

(Get a free report)

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado and All Other. The company offers protein and dairy delicacies; produce; ambient and in-store bakery; dessert and frozen meals; and hospitality products and Food on the Move.

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