Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Down – Here’s What Happened

Marks and Spencer Group PLC (OTCMKTS:MAKSY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $8.69, but opened at $8.40. Marks and Spencer Group shares last traded at $8.6650, with a volume of 5,858 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on MAKSY. Royal Bank Of Canada cut Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 20th. Citigroup upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Marks and Spencer Group Stock Down 0.1%

The business has a 50-day moving average of $9.57 and a 200-day moving average of $9.58. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.56.

Marks and Spencer Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 1st will be issued a $0.0315 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend is Friday, November 28th.

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.