Marks and Spencer Group (OTCMKTS:MAKSY) Trading 6% Higher – Should You Buy?

Marks and Spencer Group PLC (OTCMKTS:MAKSY) traded up 6% during trading on Wednesday . The company traded as high as $9.01 and last traded at $9.01. 4,593 shares were traded during mid-day trading, a decline of 96% from the average session volume of 114,774 shares. The stock had previously closed at $8.50.

Wall Street Analysts Forecast Growth

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

Marks and Spencer Group Stock Up 4.2%

The firm’s 50-day moving average is $10.00 and its 200 day moving average is $9.74. 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 Company Profile

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.