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Marks and Spencer Group (LON:MKS) Shares Cross Above 200-Day Moving Average - Here's What Happened

Marks and Spencer Group logo with Consumer Cyclical background

Marks and Spencer Group plc (LON:MKS - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several analysts have recently commented on MKS shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 350 ($4.54) price target on shares of Marks and Spencer Group in a research report on Friday, June 28th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Marks and Spencer Group in a research note on Friday, June 28th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 327 ($4.25).

Check Out Our Latest Report on MKS

Marks and Spencer Group Stock Down 0.2 %

The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 110.71. The firm has a market cap of £7.67 billion, a PE ratio of 1,809.34, a P/E/G ratio of 0.20 and a beta of 1.62. The firm's 50 day moving average is GBX 355.52 and its 200-day moving average is GBX 311.53.

Marks and Spencer Group Company Profile

(Get Free Report)

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.

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