Marks and Spencer Group (LON:MKS) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Marks and Spencer Group's stock price has recently exceeded its 200-day moving average, indicating potential upward momentum, last trading at GBX 402 ($5.40).
• Equities analysts have shown a generally positive outlook, with four recommending a Buy rating and a consensus target price of GBX 425, despite some price target adjustments.
• The company has a substantial market cap of £8.11 billion and important financial ratios that suggest a high price-to-earnings ratio of 2,871.43 and a debt-to-equity ratio of 95.00.

Marks and Spencer Group plc (LON:MKS - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 361.79 ($4.86) and traded as high as GBX 404 ($5.42). Marks and Spencer Group shares last traded at GBX 402 ($5.40), with a volume of 4,989,291 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup upgraded Marks and Spencer Group to a "buy" rating and raised their price target for the company from GBX 380 to GBX 440 in a report on Monday, September 8th. Shore Capital restated a "house stock" rating on shares of Marks and Spencer Group in a report on Tuesday. Royal Bank Of Canada reduced their target price on Marks and Spencer Group from GBX 420 to GBX 400 and set an "outperform" rating on the stock in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Marks and Spencer Group from GBX 450 to GBX 435 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. restated an "overweight" rating on shares of Marks and Spencer Group in a report on Tuesday, October 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Marks and Spencer Group has a consensus rating of "Buy" and a consensus price target of GBX 425.

Marks and Spencer Group Stock Performance

The company has a market cap of £8.11 billion, a price-to-earnings ratio of 2,871.43, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42. The stock has a 50-day moving average price of GBX 359.46 and a 200 day moving average price of GBX 361.79.

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.

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