Zacks Investment Research Lowers MARKS & SPENCER/S (OTCMKTS:MAKSY) to Sell

Share on StockTwits

Zacks Investment Research cut shares of MARKS & SPENCER/S (OTCMKTS:MAKSY) from a hold rating to a sell rating in a report issued on Wednesday morning, 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 equities research analysts have also recently commented on the company. Citigroup set a $13.00 price target on e.l.f. Beauty and gave the company a hold rating in a report on Monday, May 13th. Credit Suisse Group reissued an underperform rating on shares of MARKS & SPENCER/S in a report on Wednesday, April 17th. ValuEngine cut Wave Life Sciences from a buy rating to a hold rating in a report on Tuesday, April 16th. Finally, HSBC reissued a hold rating on shares of MARKS & SPENCER/S in a report on Friday, May 24th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $8.25.

OTCMKTS:MAKSY opened at $5.16 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $5.55. The company has a market capitalization of $4.15 billion, a PE ratio of 7.82 and a beta of 1.07. MARKS & SPENCER/S has a 52 week low of $5.05 and a 52 week high of $8.34.

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.

See Also: How does a security become overbought?

Get a free copy of the Zacks research report on MARKS & SPENCER/S (MAKSY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for MARKS & SPENCER/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MARKS & SPENCER/S and related companies with MarketBeat.com's FREE daily email newsletter.