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Home / Ranges / Marks & Spencer

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

Marks & Spencer

A range trading opportunity for you?

Will Marks & Spencer break rising support, or will it rise again back to 216p?

  • The Marks & Spencer rising range has developed since 19 Jul 
  • Bounced off 203p support zone 2 times, since late June.
  • Now trading 209p (at time of writing)
  • Will the pattern repeat itself, testing recent 216p highs?
  • Shares -46% from February 2019 highs; +1.5% from 2019 lows; -33% year-to-date.
  • 22 Jul: RBC Capital Markets; 225p price target with Sector Perform rating
  • Source: Bloomberg, FT, Reuters, DJ Newswires

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Prepared by Michael van Dulken, Head of Research
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