Marks and Spencer Group (LON:MKS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Marks and Spencer Group plc (LON:MKS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 347.57 ($4.36) and traded as high as GBX 384.01 ($4.81). Marks and Spencer Group shares last traded at GBX 381.80 ($4.78), with a volume of 4,488,390 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 327 ($4.10).

Marks and Spencer Group Price Performance

The stock has a market cap of £7.71 billion, a price-to-earnings ratio of 1,818.10, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a 50-day simple moving average of GBX 382.59 and a two-hundred day simple moving average of GBX 347.57. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86.

Marks and Spencer Group Cuts Dividend

The company also recently announced 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. This represents a yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 28th. Marks and Spencer Group’s dividend 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.