Marks and Spencer Group (LON:MKS) Shares Pass Above 200 Day Moving Average – Time to Sell?

Marks and Spencer Group plc (LON:MKS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 343.49 ($4.32) and traded as high as GBX 393.70 ($4.95). Marks and Spencer Group shares last traded at GBX 391.50 ($4.92), with a volume of 7,754,463 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 327 ($4.11).

Marks and Spencer Group Stock Down 0.3 %

The company has a market cap of £7.62 billion, a price-to-earnings ratio of 1,795.71, a P/E/G ratio of 0.20 and a beta of 1.62. The stock’s 50-day moving average is GBX 382.24 and its 200-day moving average is GBX 344.81. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71.

Marks and Spencer Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 28th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 0.26%. Marks and Spencer Group’s payout ratio is currently 1,428.57%.

About Marks and Spencer Group

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.