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Marks and Spencer Group (LON:MKS) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Marks and Spencer Group logo with Consumer Cyclical background

Marks and Spencer Group plc (LON:MKS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 365.12 ($4.97) and traded as high as GBX 374.90 ($5.10). Marks and Spencer Group shares last traded at GBX 373.40 ($5.08), with a volume of 7,998,752 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Marks and Spencer Group in a report on Wednesday, May 21st.

Read Our Latest Research Report on MKS

Marks and Spencer Group Trading Up 0.9%

The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The company's fifty day moving average price is GBX 376.18 and its two-hundred day moving average price is GBX 365.18. The firm has a market cap of £7.44 billion, a PE ratio of 14.74, a P/E/G ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group (LON:MKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The retailer reported GBX 31.90 ($0.43) earnings per share for the quarter. Marks and Spencer Group had a return on equity of 17.23% and a net margin of 3.77%. As a group, sell-side analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.

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.

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