Marks and Spencer Group (LON:MKS) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Marks and Spencer shares moved above their 200-day moving average, reaching GBX 392.90 before last trading at GBX 384.40, compared with a 200-day average of GBX 367.77.
• Analyst sentiment remains positive, with six Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of GBX 432.50.
• Insider Stuart Machin sold 560,402 shares for approximately £2.15 million; corporate insiders currently own 0.48% of the company.

Shares of Marks and Spencer Group plc (LON:MKS - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 367.77 and traded as high as GBX 392.90. Marks and Spencer Group shares last traded at GBX 384.40, with a volume of 4,177,771 shares traded.

Analyst Upgrades and Downgrades

MKS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, August 13th. UBS Group reissued a "buy" rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a report on Monday, May 18th. JPMorgan Chase & Co. raised shares of 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 report on Tuesday, July 21st. Jefferies Financial Group restated a "buy" rating and issued a GBX 440 target price on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Finally, Citigroup upped their target price on shares of Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a "buy" rating in a research note on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 432.50.

Marks and Spencer Group Stock Down 1.9%

The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86. The firm has a market capitalization of £7.90 billion, a P/E ratio of 31.25, a P/E/G ratio of 0.20 and a beta of 0.99. The stock has a fifty day moving average price of GBX 388.43 and a two-hundred day moving average price of GBX 367.77.

Insider Buying and Selling

In other Marks and Spencer Group news, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group 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 corporate insiders.

About Marks and Spencer Group

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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