Marks and Spencer Group plc (LON:MKS - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 367.39 and traded as high as GBX 384.21. Marks and Spencer Group shares last traded at GBX 376.40, with a volume of 401,486,469 shares traded.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MKS. JPMorgan Chase & Co. upgraded Marks and Spencer Group to an "overweight" rating and boosted their target price for the stock from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Berenberg Bank increased their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a "buy" rating in a research note on Thursday, May 21st. Shore Capital Group reissued a "house stock" rating on shares of Marks and Spencer Group in a report on Thursday, July 16th. Jefferies Financial Group restated a "buy" rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Finally, UBS Group restated a "buy" rating and issued a GBX 425 target price on shares of Marks and Spencer Group in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 422.50.
Read Our Latest Research Report on MKS
Marks and Spencer Group Price Performance
The stock has a 50-day moving average price of GBX 383.95 and a 200 day moving average price of GBX 367.39. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42. The firm has a market cap of £7.74 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 0.20 and a beta of 0.99.
Marks and Spencer Group (LON:MKS - Get Free Report) last announced its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,727.36 billion during the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%. As a group, equities research analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Stuart Machin sold 560,402 shares of the company's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total value of £2,151,943.68. 0.48% of the stock is currently owned by company insiders.
Marks and Spencer Group Company Profile
(
Get Free Report)
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. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.
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