Marks and Spencer Group (LON:MKS) Stock Crosses Above 200-Day Moving Average - Here's Why

Marks and Spencer Group plc (LON:MKS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 363.15 ($4.68) and traded as high as GBX 369.90 ($4.76). Marks and Spencer Group shares last traded at GBX 367.80 ($4.74), with a volume of 869,145,813 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "house stock" rating on shares of Marks and Spencer Group in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 333.75 ($4.30).

Marks and Spencer Group Price Performance

The stock has a 50-day simple moving average of GBX 351.38 and a 200 day simple moving average of GBX 364.05. The company has a market cap of £7.11 billion, a PE ratio of 14.08, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Marks and Spencer Group Company Profile

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.