Marks and Spencer Group (LON:MKS) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Marks and Spencer Group plc (LON:MKS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 328.35 ($4.15) and traded as high as GBX 373.92 ($4.73). Marks and Spencer Group shares last traded at GBX 363 ($4.59), with a volume of 4,318,456 shares.

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 327 ($4.14).

Marks and Spencer Group Stock Down 2.4 %

The firm has a 50-day simple moving average of GBX 373.26 and a 200 day simple moving average of GBX 328.35. The stock has a market capitalization of £7.33 billion, a P/E ratio of 1,728.57, 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 current ratio of 0.86 and a quick ratio of 0.42.

Marks and Spencer Group Cuts Dividend

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