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Marks and Spencer Group (LON:MKS) Shares Pass Above 200-Day Moving Average - What's Next?

Marks and Spencer Group logo with Consumer Cyclical background

Shares of Marks and Spencer Group plc (LON:MKS - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 365.37 ($4.86) and traded as high as GBX 404.10 ($5.38). Marks and Spencer Group shares last traded at GBX 402.91 ($5.36), with a volume of 11,155,580 shares.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "house stock" rating on shares of Marks and Spencer Group in a research report on Friday, March 21st. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 333.75 ($4.44).

Check Out Our Latest Research Report on Marks and Spencer Group

Marks and Spencer Group Stock Performance

The company has a market capitalization of £8.26 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The business has a 50 day moving average of GBX 358.40 and a 200 day moving average of GBX 366. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

About Marks and Spencer Group

(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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