Zacks Investment Research Upgrades Marks and Spencer Group Plc (MAKSY) to Buy
Marks and Spencer Group Plc (NASDAQ:MAKSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $9.25 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.53% from the stock’s previous close.
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. “
Marks and Spencer Group Plc (NASDAQ MAKSY) remained flat at $8.22 during midday trading on Tuesday. 36 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $8.55 and a 200-day moving average of $8.83. Marks and Spencer Group Plc has a 12-month low of $7.72 and a 12-month high of $10.39. The firm has a market capitalization of $6.67 billion and a P/E ratio of 43.72.
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About Marks and Spencer Group Plc
Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.
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