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

Marks and Spencer Group PLC (OTCMKTS:MAKSY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $10.12, but opened at $10.72. Marks and Spencer Group shares last traded at $10.67, with a volume of 1,506 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MAKSY shares. Morgan Stanley started coverage on Marks and Spencer Group in a report on Monday, May 18th. They set an “overweight” rating for the company. Sanford C. Bernstein raised shares of Marks and Spencer Group to a “strong-buy” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Marks and Spencer Group Price Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.54. The stock’s 50-day moving average is $9.69 and its 200 day moving average is $9.74.

About Marks and Spencer Group

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.