Marks and Spencer Group plc (LON:MKS - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 352.32 ($4.30) and traded as high as GBX 359.43 ($4.39). Marks and Spencer Group shares last traded at GBX 348.98 ($4.26), with a volume of 12,302,138 shares traded.
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Marks and Spencer Group in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 327 ($3.99).
Read Our Latest Research Report on Marks and Spencer Group
Marks and Spencer Group Trading Down 3.0 %
The company has a market cap of £6.77 billion, a price-to-earnings ratio of 1,595.24, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. 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 company's 50-day moving average is GBX 381.52 and its 200 day moving average is GBX 352.70.
Marks and Spencer Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 0.26%. Marks and Spencer Group's dividend payout ratio (DPR) is presently 1,428.57%.
About Marks and Spencer Group
(
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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.
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