Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Up – Should You Buy?

Marks and Spencer Group PLC (OTCMKTS:MAKSY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $8.55, but opened at $9.13. Marks and Spencer Group shares last traded at $9.0650, with a volume of 15,962 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAKSY shares. Morgan Stanley started coverage on Marks and Spencer Group in a research note on Monday. They issued an “overweight” rating for the company. Sanford C. Bernstein upgraded Marks and Spencer Group to a “strong-buy” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

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Marks and Spencer Group Trading Up 9.1%

The firm has a fifty day moving average of $9.24 and a 200 day moving average of $9.54. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 1.01.

About Marks and Spencer Group

(Get Free Report)

Marks and Spencer Group plc (OTCMKTS: MAKSY), commonly known as M&S, is a leading British retailer operating a network of full-line stores, food halls and online channels. The company’s retail portfolio spans clothing and home products as well as premium grocery offerings. M&S is recognized for its emphasis on quality, innovation and ethical sourcing across its range of private-label apparel, homeware and prepared foods.

In the apparel and home division, M&S designs and markets women’s, men’s and children’s fashion under core brands such as Autograph, Per Una and Collection, alongside its own bedding, kitchenware and furnishings.

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