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Home / Stocks and Markets at Lows / Marks and Spencer (MKS.L) 13-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Marks and Spencer (MKS.L) 13-01-20

Shares in Marks and Spencer (MKS.L) have fallen notably from recent highs of 228.9p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?

 

  • Currently at 190.15p (at time of writing). A move up to highs would represent a rise of 20%.
  • These share are amongst the biggest fallers in the period.
  • Is the move unfinished, or are we about to see a bounce?
  • The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
  • Shares -37% from 12-month highs; +16% from 12 month lows.

Latest News

10 Jan:  Barclays Capital reiterates its overweight rating on Marks & Spencer Group (MKS) and reduced the target price to 250p (from 265p).

09 Jan:  Marks & Spencer announced that like-for-like revenue in the UK was marginally higher during Q3 to the end of 2019, driven by good performance in its food business.

07 Jan:  Berenberg has upgraded its rating on Marks & Spencer Group (MKS) to buy (from sell) and increased the target price to 250p (from 160p).

06 Jan:  Jefferies International reiterates its hold rating on Marks & Spencer Group (MKS) and increased the target price to 230p (from 207p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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