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

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.

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

Separately, Peel Hunt lowered 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 company's stock. Based on data from MarketBeat, Marks and Spencer Group currently has an average rating of "Strong Buy".

Marks and Spencer Group Price Performance

Shares of OTCMKTS MAKSY traded down $0.19 during mid-day trading on Monday, reaching $9.14. 37,075 shares of the company's stock were exchanged, compared to its average volume of 54,737. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $9.26 and a 200 day simple moving average of $9.70. Marks and Spencer Group has a twelve month low of $7.99 and a twelve month high of $11.51.

Marks and Spencer Group Company Profile

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.