Marks and Spencer Group (LON:MKS) Stock Price Crosses Above 200 Day Moving Average of $247.95

Marks and Spencer Group plc (LON:MKS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 247.95 ($3.09) and traded as high as GBX 250.30 ($3.12). Marks and Spencer Group shares last traded at GBX 250.20 ($3.11), with a volume of 3,244,288 shares trading hands.

Wall Street Analysts Forecast Growth

MKS has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Marks and Spencer Group from GBX 260 ($3.24) to GBX 330 ($4.11) and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, April 11th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 300 ($3.73) price target on shares of Marks and Spencer Group in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marks and Spencer Group has a consensus rating of “Moderate Buy” and an average target price of GBX 287 ($3.57).

Marks and Spencer Group Stock Performance

The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42. The stock has a 50-day moving average price of GBX 247.85 and a 200-day moving average price of GBX 248.04. The firm has a market capitalization of £4.99 billion, a PE ratio of 1,229.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.57.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.