Marks and Spencer Group Plc (NASDAQ:MAKSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, May 24th. The firm currently has a $11.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 24.15% from the company’s previous close.
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. “
Separately, Jefferies Group LLC raised Marks and Spencer Group Plc from an “underperform” rating to a “buy” rating in a report on Tuesday, February 28th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.00.
Shares of Marks and Spencer Group Plc (NASDAQ:MAKSY) traded down 2.05% during trading on Wednesday, reaching $8.86. The company’s stock had a trading volume of 69,280 shares. The firm has a market cap of $7.19 billion and a P/E ratio of 48.15. Marks and Spencer Group Plc has a one year low of $7.35 and a one year high of $10.86. The stock’s 50 day moving average is $9.69 and its 200 day moving average is $8.79.
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Marks and Spencer Group Plc Company Profile
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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