Marks and Spencer Group (LON:MKS) Shares Pass Above 200 Day Moving Average of $247.95

Shares of Marks and Spencer Group plc (LON:MKS - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 247.95 ($3.09) and traded as high as GBX 250.30 ($3.12). Marks and Spencer Group shares last traded at GBX 250.20 ($3.11), with a volume of 3,244,288 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Shore Capital reaffirmed a "house stock" rating on shares of Marks and Spencer Group in a research report on Thursday, April 11th. Barclays reissued an "overweight" rating and issued a GBX 300 ($3.73) target price on shares of Marks and Spencer Group in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Marks and Spencer Group from GBX 260 ($3.24) to GBX 330 ($4.11) and gave the company an "overweight" rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 287 ($3.57).

Marks and Spencer Group Price Performance

The company's 50-day moving average is GBX 247.85 and its two-hundred day moving average is GBX 248.04. The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42. The firm has a market cap of £4.99 billion, a P/E ratio of 1,229.00, a PEG ratio of 3.10 and a beta of 1.57.

Marks and Spencer Group Company Profile

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 deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.