Brokerages Set Marks and Spencer Group plc (OTCMKTS:MAKSY) Price Target at $245.00

Shares of Marks and Spencer Group plc (OTCMKTS:MAKSY – Get Rating) have earned a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $208.75.

A number of research analysts have recently commented on the company. Exane BNP Paribas downgraded Marks and Spencer Group from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 22nd. JPMorgan Chase & Co. dropped their price objective on Marks and Spencer Group from GBX 205 ($2.58) to GBX 180 ($2.27) in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on Marks and Spencer Group from GBX 185 ($2.33) to GBX 165 ($2.08) in a report on Thursday. Zacks Investment Research upgraded Marks and Spencer Group from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Berenberg Bank decreased their target price on Marks and Spencer Group from GBX 265 ($3.33) to GBX 215 ($2.71) in a research report on Tuesday, April 19th.

Shares of OTCMKTS MAKSY opened at $3.82 on Thursday. The stock’s 50-day moving average is $3.78 and its two-hundred day moving average is $5.05. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.54 and a current ratio of 0.86. Marks and Spencer Group has a 1-year low of $3.30 and a 1-year high of $7.09.

Marks and Spencer Group Company Profile (Get Rating)

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.

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