Today, Marks and Spencer Group Plc (MAKSY) Lowered by Investec

Today, Marks and Spencer Group Plc (MAKSY) Lowered by Investec

Marks and Spencer Group Plc (NASDAQ:MAKSY) was downgraded by research analysts at Investec from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other research analysts have also recently commented on MAKSY. RBC Capital Markets reiterated an “outperform” rating on shares of Marks and Spencer Group Plc in a research note on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, August 3rd. Zacks Investment Research raised Marks and Spencer Group Plc from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Beaufort Securities reaffirmed a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Thursday, November 10th. Finally, Citigroup Inc. raised Marks and Spencer Group Plc from a “neutral” rating to a “buy” rating in a research report on Monday, November 14th. Twelve analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.

Shares of Marks and Spencer Group Plc (NASDAQ:MAKSY) traded up 0.49% during midday trading on Tuesday, hitting $8.14. The company had a trading volume of 5,252 shares. The stock has a market capitalization of $6.59 billion and a price-to-earnings ratio of 13.48. Marks and Spencer Group Plc has a one year low of $7.35 and a one year high of $15.40. The stock’s 50-day moving average price is $8.23 and its 200-day moving average price is $9.06.

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