Marks and Spencer Group (OTCMKTS:MAKSY) Downgraded by Zacks Investment Research to “Hold”

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

Several other equities research analysts also recently commented on the company. UBS Group upgraded Marks and Spencer Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 7th. Barclays reiterated an “overweight” rating on shares of Marks and Spencer Group in a report on Wednesday, September 8th. Morgan Stanley downgraded Marks and Spencer Group from an “overweight” rating to an “equal weight” rating in a report on Monday, May 31st. Credit Suisse Group reiterated an “outperform” rating on shares of Marks and Spencer Group in a report on Tuesday, August 24th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Marks and Spencer Group in a report on Tuesday, August 24th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Marks and Spencer Group presently has a consensus rating of “Buy” and a consensus target price of $5.50.

Shares of OTCMKTS MAKSY traded up $0.02 during midday trading on Thursday, hitting $5.09. The stock had a trading volume of 1,695,287 shares, compared to its average volume of 37,412. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 127.25, a PEG ratio of 0.21 and a beta of 1.84. Marks and Spencer Group has a 1-year low of $2.24 and a 1-year high of $5.25. The company has a quick ratio of 0.42, a current ratio of 0.69 and a debt-to-equity ratio of 1.60. The company has a fifty day moving average price of $4.41 and a 200 day moving average price of $4.35.

About Marks and Spencer Group

Marks & Spencer Group Plc engages in the retail of clothes, food, and home products. It operates through the United Kingdom (UK) and International geographical segment. The UK segment consists of the UK retail business and franchise operations. The International segment includes Marks & Spencer owned businesses in Europe and Asia, and the international franchise operations.

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