November 29, 2016 - By Marie Mckinney
In a a research note issued to clients on Tuesday morning, Investec Capital stated it was downgrading Marks and Spencers (OTC:MAKSY) stock rating from a “Hold” to a “Sell”.
Out of 4 analysts covering Marks and Spencers (ADR) (OTC:MAKSY), 0 rate it a “Buy”, 4 “Sell”, while 0 “Hold”. This means 0 are positive. Marks and Spencers (ADR) has been the topic of 5 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Macquarie Research given on Friday, February 19. Bernstein downgraded Marks and Spencer Group Plc (ADR) (OTCMKTS:MAKSY) on Friday, July 15 to “Underperform” rating. The stock of Marks and Spencer Group Plc (ADR) (OTCMKTS:MAKSY) has “Neutral” rating given on Wednesday, October 7 by JP Morgan. The firm has “Underweight” rating given on Friday, June 3 by JP Morgan. Berenberg downgraded the stock to “Sell” rating in Friday, January 8 report.
The stock increased 0.68% or $0.05 on November 29, hitting $8.15. About 83,421 shares traded hands or 1.49% up from the average. Marks and Spencer Group Plc (ADR) (OTC:MAKSY) has declined 36.96% since April 26, 2016 and is downtrending. It has underperformed by 42.22% the S&P500.
Marks and Spencer Group plc is a retailer in the United Kingdom, with over 1,380 stores around the world. The company has a market cap of $6.58 billion. The Firm is the holding firm of the Marks & Spencer Group of companies. It currently has negative earnings. The Firm operates through two divisions: UK and International.
According to Zacks Investment Research, “MARKS & SPENCER is one of the UK’s leading retailers, offering high quality, great value clothing, as well as home products and outstanding quality food. M&S employs over 75,000 people and has over 600 stores in the UK and over 275 stores in 39 territories around the world.”
Marks and Spencer Group plc (M&S), incorporated on July 23, 2001, is a retailer in the United Kingdom, with over 1,380 stores around the world. The Firm is the holding firm of the Marks & Spencer Group of companies. The Firm operates through two divisions: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations. The International segment consists of Marks & Spencer owned businesses in the Republic of Ireland, Europe and Asia, together with international franchise operations. The Firm is engaged in delivering own brand food, clothing and home products in its stores and online both in the United Kingdom and internationally.
More recent Marks and Spencer Group Plc (ADR) (OTCMKTS:MAKSY) news were published by: Seekingalpha.com which released: “Marks & Spencer Represents An Opportunity To Play The Brexit Upside” on August 15, 2016. Also Seekingalpha.com published the news titled: “Why Marks & Spencer’s Shares Would Have To Fall To 300p Before I’d Invest” on May 28, 2016. Marketwatch.com‘s news article titled: “FTSE 100 books a gain as battered financials get a breather” with publication date: July 07, 2016 was also an interesting one.
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