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Marks and Spencer Group (OTCMKTS:MAKSY) Raised to Strong-Buy at Citigroup

Marks and Spencer Group logo with Retail/Wholesale background

Key Points

  • Marks and Spencer Group was upgraded from a "hold" rating to a "strong-buy" rating by Citigroup, indicating increased investor confidence.
  • Conversely, Peel Hunt downgraded the stock from a "strong-buy" to a "hold" rating, reflecting mixed opinions among analysts.
  • The company has a current price of $9.51 and has shown a fifty-two week range between a low of $7.99 and a high of $11.51.
  • Five stocks to consider instead of Marks and Spencer Group.

Citigroup upgraded shares of Marks and Spencer Group (OTCMKTS:MAKSY - Free Report) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Separately, Peel Hunt downgraded Marks and Spencer Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

Check Out Our Latest Research Report on MAKSY

Marks and Spencer Group Stock Down 2.0%

OTCMKTS:MAKSY traded down $0.19 on Monday, hitting $9.14. 37,075 shares of the stock were exchanged, compared to its average volume of 54,706. The stock has a fifty day moving average of $9.26 and a 200-day moving average of $9.69. Marks and Spencer Group has a fifty-two week low of $7.99 and a fifty-two week high of $11.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 0.87.

Marks and Spencer Group Company Profile

(Get Free Report)

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.

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