Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Up – Still a Buy?

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) gapped up before the market opened 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 changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MAKSY shares. Morgan Stanley assumed coverage on Marks and Spencer Group in a research report on Monday, May 18th. They issued an “overweight” rating for the company. Sanford C. Bernstein raised Marks and Spencer Group to a “strong-buy” rating in a report on Thursday, May 14th. Two research 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 company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Marks and Spencer Group Price Performance

The firm’s 50 day moving average is $9.76 and its 200 day moving average is $9.76. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.86.

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.