The Marks and Spencer Group Plc (MAKSY) Downgraded to Hold at Zacks Investment Research

The Marks and Spencer Group Plc (MAKSY) Downgraded to Hold at Zacks Investment Research

Marks and Spencer Group Plc (NASDAQ:MAKSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

A number of other brokerages have also commented on MAKSY. Bank of America Corporation upgraded Marks and Spencer Group Plc from a “neutral” rating to a “buy” rating in a research report on Monday, December 12th. Citigroup Inc. upgraded Marks and Spencer Group Plc from a “neutral” rating to a “buy” rating in a research report on Monday, November 14th. Deutsche Bank AG restated a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, October 26th. Investec lowered Marks and Spencer Group Plc from a “hold” rating to a “sell” rating in a research report on Tuesday, November 29th. Finally, Beaufort Securities restated a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Thursday, November 10th. Nine research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.25.

Marks and Spencer Group Plc (NASDAQ:MAKSY) opened at 8.48 on Thursday. Marks and Spencer Group Plc has a 12-month low of $7.35 and a 12-month high of $13.17. The firm has a market cap of $6.88 billion and a P/E ratio of 22.55. The company has a 50-day moving average price of $8.47 and a 200-day moving average price of $8.48.

About Marks and Spencer Group Plc

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

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