MARKS & SPENCER/S (MAKSY) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of MARKS & SPENCER/S (OTCMKTS:MAKSY) from a sell rating to a hold rating in a research report released on Tuesday morning.

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 subject of several other reports. Royal Bank of Canada downgraded shares of MARKS & SPENCER/S from an outperform rating to a sector perform rating in a research report on Wednesday, November 28th. Investec downgraded shares of MARKS & SPENCER/S from a hold rating to a sell rating in a report on Tuesday, November 20th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. MARKS & SPENCER/S currently has a consensus rating of Hold and a consensus price target of $8.50.

Shares of MAKSY opened at $7.12 on Tuesday. MARKS & SPENCER/S has a one year low of $6.00 and a one year high of $8.97. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 9.61, a PEG ratio of -2.79 and a beta of 0.82.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, January 18th. Stockholders of record on Monday, November 19th will be issued a dividend of $0.163 per share. The ex-dividend date is Friday, November 16th. MARKS & SPENCER/S’s dividend payout ratio (DPR) is presently 44.59%.

MARKS & SPENCER/S Company Profile

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.

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