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Marks and Spencer Group (LON:MKS) Stock Crosses Above 200-Day Moving Average of $262.63

Marks and Spencer Group logo with Consumer Cyclical background

Marks and Spencer Group plc (LON:MKS - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 262.63 ($3.34) and traded as high as GBX 298.40 ($3.79). Marks and Spencer Group shares last traded at GBX 295.90 ($3.76), with a volume of 4,332,545 shares changing hands.

Wall Street Analyst Weigh In

MKS has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 360 ($4.57) target price on shares of Marks and Spencer Group in a research report on Thursday, May 23rd. Royal Bank of Canada restated an "overweight" rating and issued a GBX 315 ($4.00) price objective on shares of Marks and Spencer Group in a report on Wednesday, May 15th. Shore Capital reiterated a "house stock" rating on shares of Marks and Spencer Group in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Marks and Spencer Group from GBX 315 ($4.00) to GBX 350 ($4.45) and gave the stock a "buy" rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group upgraded shares of Marks and Spencer Group to a "buy" rating and set a GBX 310 ($3.94) price target for the company in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 322.50 ($4.10).

Check Out Our Latest Stock Report on MKS

Marks and Spencer Group Stock Up 1.7 %

The stock has a market cap of £6.17 billion, a price-to-earnings ratio of 1,432.86, a price-to-earnings-growth ratio of 0.20 and a beta of 1.58. The firm's fifty day moving average price is GBX 277.79 and its two-hundred day moving average price is GBX 262.95. The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42.

Marks and Spencer Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 30th will be paid a dividend of GBX 2 ($0.03) per share. This is an increase from Marks and Spencer Group's previous dividend of $1.00. This represents a yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 30th. Marks and Spencer Group's dividend payout ratio is 1,428.57%.

Marks and Spencer Group Company Profile

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

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