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

Zacks Investment Research upgraded shares of MARKS & SPENCER/S (OTCMKTS:MAKSY) from a sell rating to a hold rating in a research note 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. “

A number of other brokerages have also commented on MAKSY. Credit Suisse Group reiterated an underperform rating on shares of MARKS & SPENCER/S in a report on Wednesday, April 17th. Citigroup upgraded MARKS & SPENCER/S from a neutral rating to a buy rating in a report on Monday. Jefferies Financial Group lowered MARKS & SPENCER/S from a buy rating to a hold rating in a report on Thursday, February 28th. Finally, ValuEngine lowered MARKS & SPENCER/S from a hold rating to a sell rating in a report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $8.25.

MARKS & SPENCER/S stock traded down $0.24 during mid-day trading on Wednesday, reaching $6.80. 5,746 shares of the company’s stock were exchanged, compared to its average volume of 97,155. The firm has a market capitalization of $5.56 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of -2.82 and a beta of 1.07. MARKS & SPENCER/S has a one year low of $6.00 and a one year high of $8.40.

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.

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

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