Marks and Spencer Group (LON:MKS) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Marks and Spencer Group's shares have crossed above their 200-day moving average, trading at GBX 358.40, with significant trading volume of over 3 million shares.
• Analysts maintain a consensus rating of "Buy" for the stock, with a target price of GBX 400, although Royal Bank of Canada has recently lowered their target from GBX 420.
• Insider transactions revealed that two executives sold a substantial amount of shares at an average price of GBX 333, indicating potential concerns about the stock among company insiders.

Marks and Spencer Group plc (LON:MKS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 358.61 ($4.84) and traded as high as GBX 360 ($4.86). Marks and Spencer Group shares last traded at GBX 358.40 ($4.84), with a volume of 3,094,006 shares changing hands.

Analyst Ratings Changes

MKS has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Marks and Spencer Group in a research note on Wednesday, July 30th. Shore Capital reissued a "house stock" rating on shares of Marks and Spencer Group in a report on Wednesday, May 21st. Royal Bank Of Canada reduced their target price on shares of Marks and Spencer Group from GBX 420 to GBX 400 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Marks and Spencer Group from GBX 450 to GBX 435 and set a "buy" rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Marks and Spencer Group currently has an average rating of "Buy" and an average price target of GBX 417.50.

Marks and Spencer Group Stock Performance

The company has a market capitalization of £7.03 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.20 and a beta of 1.62. The business has a 50-day moving average of GBX 346.42 and a 200-day moving average of GBX 358.69. The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42.

Insider Activity

In other Marks and Spencer Group news, insider Alison Dolan sold 116,632 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of GBX 333, for a total value of £388,384.56. Also, insider Stuart Machin sold 833,949 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of GBX 333, for a total value of £2,777,050.17. 0.87% of the stock is owned by insiders.

Marks and Spencer Group Company Profile

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.