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.

TRADEMARK VIOLATION WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/08/22/zacks-investment-research-upgrades-marks-and-spencer-group-plc-maksy-to-buy.html.

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.

Get a free copy of the Zacks research report on Marks and Spencer Group Plc (MAKSY)

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

Analyst Recommendations for Marks and Spencer Group Plc (NASDAQ:MAKSY)

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