Marks & Spencer Got Some Bad News

By Jason Carr

In a report released today, Kate Calvert from Investec downgraded Marks & Spencer (OTHEROTC: MAKSY) to Sell. The company’s shares opened today at $8.09, close to its 52-week low of $7.35.

Calvert has an average return of 18.8% when recommending Marks & Spencer.

According to TipRanks.com, Calvert is ranked #3472 out of 4239 analysts.

Marks & Spencer has an analyst consensus of Moderate Sell.

Marks & Spencer’s market cap is currently $6.58B and has a P/E ratio of 18.06. The company has a book value ratio of 1.6213.

Marks & Spencer Group Plc engages in the retail of clothes, food, and home products. It operates through the United Kingdom (UK) and International segments. The UK segment consists of the UK retail business and UK franchise operations. The International segment includes Marks & Spencer owned businesses in the Republic of Ireland, Europe, and Asia, together with the international franchise operations. The company was founded by Michael Marks and Thomas Spencer on September 28, 1884 and is headquartered in London, the United Kingdom.