Marks and Spencer Group (LON:MKS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Marks and Spencer Group plc (LON:MKS)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 328.35 ($4.12) and traded as high as GBX 373.92 ($4.69). Marks and Spencer Group shares last traded at GBX 363 ($4.55), with a volume of 4,318,456 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Buy” and an average price target of GBX 327 ($4.10).

Marks and Spencer Group Stock Performance

The firm has a 50-day simple moving average of GBX 373.74 and a two-hundred day simple moving average of GBX 328.66. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The company has a market capitalization of £7.66 billion, a price-to-earnings ratio of 1,815.78, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group Cuts Dividend

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

Marks and Spencer Group Company Profile

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.