Morgan Stanley Initiates Coverage on Marks and Spencer Group (OTCMKTS:MAKSY)

Investment analysts at Morgan Stanley started coverage on shares of Marks and Spencer Group (OTCMKTS:MAKSY) in a report issued on Monday. The brokerage set an “overweight” rating on the stock.

Separately, Sanford C. Bernstein upgraded Marks and Spencer Group to a “strong-buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Marks and Spencer Group Price Performance

MAKSY opened at $8.52 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.46. Marks and Spencer Group has a 12 month low of $8.19 and a 12 month high of $11.32. The business has a 50 day simple moving average of $9.30 and a 200-day simple moving average of $9.56.

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.