Marks and Spencer Group (LON:MKS) Share Price Passes Above Two Hundred Day Moving Average of $128.76


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Marks and Spencer Group plc (LON:MKS)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 128.76 ($1.68) and traded as high as GBX 155.15 ($2.03). Marks and Spencer Group shares last traded at GBX 152.65 ($1.99), with a volume of 6,001,603 shares.

A number of equities analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 180 ($2.35) price objective on shares of Marks and Spencer Group in a research note on Tuesday, January 19th. HSBC lifted their price objective on Marks and Spencer Group from GBX 155 ($2.03) to GBX 170 ($2.22) and gave the stock a “buy” rating in a research note on Monday, January 18th. Barclays lifted their price objective on Marks and Spencer Group from GBX 140 ($1.83) to GBX 165 ($2.16) and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Finally, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, March 10th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Marks and Spencer Group presently has a consensus rating of “Buy” and a consensus price target of GBX 135.86 ($1.77).

The firm has a market capitalization of £3.06 billion and a price-to-earnings ratio of -18.71. The business has a 50-day moving average of GBX 149.36 and a two-hundred day moving average of GBX 128.97. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 151.24.

About Marks and Spencer Group (LON:MKS)

Marks and Spencer Group plc operates various retail stores. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Â’Food on the Move' products. It also provides womenswear, menswear, lingerie, kids wear, and home products; and financial services, including credit cards, current accounts and savings products, insurances, and mortgages, as well as renewable energy services.

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