MARKS & SPENCER/S (OTCMKTS:MAKSY) Rating Increased to Hold at Zacks Investment Research

MARKS & SPENCER/S (OTCMKTS:MAKSY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “MARKS & SPENCER is one of the UK’s leading retailers, offering high quality, great value clothing, as well as home products and outstanding quality food. M&S employs over 75,000 people and has over 600 stores in the UK and over 275 stores in 39 territories around the world. “

MAKSY has been the topic of several other reports. HSBC restated a “hold” rating on shares of MARKS & SPENCER/S in a report on Friday, May 24th. Citigroup set a $13.00 target price on e.l.f. Beauty and gave the company a “hold” rating in a report on Monday, May 13th. ValuEngine lowered Wave Life Sciences from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Credit Suisse Group restated an “underperform” rating on shares of MARKS & SPENCER/S in a report on Wednesday, April 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.25.

Shares of OTCMKTS:MAKSY opened at $5.16 on Wednesday. MARKS & SPENCER/S has a 1 year low of $5.04 and a 1 year high of $8.22. The stock’s fifty day moving average price is $5.42. The company has a current ratio of 0.67, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 7.81 and a beta of 1.07.

About MARKS & SPENCER/S

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

Further Reading: Neutral Rating

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Analyst Recommendations for MARKS & SPENCER/S (OTCMKTS:MAKSY)

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