Marks and Spencer Group (LON:MKS) Shares Pass Above 200-Day Moving Average – Should You Sell?

Marks and Spencer Group plc (LON:MKS)’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 ($4.69) and traded as high as GBX 369.90 ($4.78). Marks and Spencer Group shares last traded at GBX 367.80 ($4.75), with a volume of 869,145,813 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 333.75 ($4.31).

Marks and Spencer Group Stock Up 1.0 %

The stock has a 50-day moving average of GBX 351.89 and a two-hundred day moving average of GBX 363.15. The company has a market cap of £7.38 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82.

About Marks and Spencer Group

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.