Marks and Spencer Group (OTCMKTS:MAKSY) Rating Increased to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Marks and Spencer Group (OTCMKTS:MAKSY) from an equal weight rating to an overweight rating in a research note released on Wednesday morning, FlyOnTheWall reports.

A number of other research firms have also recently weighed in on MAKSY. Peel Hunt raised Marks and Spencer Group to a buy rating in a report on Friday, May 19th. Barclays boosted their price target on Marks and Spencer Group from GBX 260 ($3.25) to GBX 270 ($3.38) in a research report on Wednesday, August 16th. Credit Suisse Group lifted their price objective on shares of Marks and Spencer Group from GBX 200 ($2.50) to GBX 220 ($2.75) in a research note on Tuesday, May 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Marks and Spencer Group from GBX 235 ($2.94) to GBX 260 ($3.25) in a research report on Wednesday, August 16th. Finally, Citigroup downgraded shares of Marks and Spencer Group from a buy rating to a neutral rating in a research report on Thursday, May 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $200.50.

Marks and Spencer Group Price Performance

Shares of OTCMKTS:MAKSY opened at $5.52 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.51 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average price is $5.43 and its 200 day moving average price is $4.72. Marks and Spencer Group has a fifty-two week low of $2.03 and a fifty-two week high of $5.93.

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.