Marks and Spencer Group plc (LON:MKS - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 328.35 ($4.13) and traded as high as GBX 373.92 ($4.71). Marks and Spencer Group shares last traded at GBX 363 ($4.57), with a volume of 4,318,456 shares traded.
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Marks and Spencer Group in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Marks and Spencer Group presently has an average rating of "Buy" and an average target price of GBX 327 ($4.12).
Check Out Our Latest Analysis on MKS
Marks and Spencer Group Trading Up 2.5 %
The company has a market capitalization of £7.51 billion, a PE ratio of 1,770.30, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86. The business has a fifty day moving average price of GBX 373.26 and a 200 day moving average price of GBX 328.35.
Marks and Spencer Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 28th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, November 28th. This represents a yield of 0.26%. Marks and Spencer Group's payout ratio is 1,428.57%.
Marks and Spencer Group Company Profile
(
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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.
Further Reading
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