Marks and Spencer Group (LON:MKS) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Marks and Spencer Group plc (LON:MKS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 311.53 ($4.04) and traded as high as GBX 384.40 ($4.99). Marks and Spencer Group shares last traded at GBX 380.30 ($4.94), with a volume of 3,906,292 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MKS. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 350 ($4.54) price objective on shares of Marks and Spencer Group in a report on Friday, June 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Marks and Spencer Group currently has a consensus rating of “Buy” and a consensus target price of GBX 327 ($4.25).

Marks and Spencer Group Stock Performance

The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42. The firm has a fifty day simple moving average of GBX 356.77 and a 200 day simple moving average of GBX 312. The company has a market cap of £7.64 billion, a price-to-earnings ratio of 1,799.05, a P/E/G ratio of 0.20 and a beta of 1.62.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. 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.