Marks and Spencer Group (LON:MKS) Stock Price Breaks Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Marks and Spencer shares broke above their 200-day moving average, reaching GBX 413.90 before last trading at GBX 407.30, compared with the 200-day average of GBX 369.90.
• Analyst sentiment remains positive: six analysts rate the stock a Buy and two rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of GBX 432.50.
• The company has an £8.43 billion market capitalization and a P/E ratio of 33.11, while its debt-to-equity ratio is relatively high at 111.89 and its current and quick ratios are below 1.

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 369.90 and traded as high as GBX 413.90. Marks and Spencer Group shares last traded at GBX 407.30, with a volume of 7,991,487 shares.

Analyst Ratings Changes

Several research firms recently commented on MKS. Citigroup upped their target price on 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. Shore Capital Group reiterated a "house stock" rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. Berenberg Bank reissued a "buy" rating and issued a GBX 480 price target on shares of Marks and Spencer Group in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. upgraded Marks and Spencer Group to an "overweight" rating and lifted their price target for the company from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 432.50.

Marks and Spencer Group Price Performance

The stock has a fifty day moving average of GBX 385.70 and a 200 day moving average of GBX 369.90. The stock has a market cap of £8.43 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 0.20 and a beta of 1.00. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42.

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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