Marks and Spencer Group (OTCMKTS:MAKSY) Stock Price Down 3.4% – Here’s Why

Marks and Spencer Group PLC (OTCMKTS:MAKSY) shares traded down 3.4% on Thursday . The company traded as low as $8.81 and last traded at $8.85. 99,308 shares traded hands during trading, a decline of 12% from the average session volume of 112,770 shares. The stock had previously closed at $9.16.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a report on Monday, October 20th. Citigroup upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Marks and Spencer Group currently has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Stock Down 3.9%

The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $10.05 and its two-hundred day simple moving average is $9.78.

About Marks and Spencer Group

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.