Shares in Marks and Spencer (MKS.L) have dropped from recent highs of 228.9p. Are further falls imminent, or will investors benefit from this low price?

• A return to previous highs would represent a rise of 61%. Now trading at 141.95p (at time of writing).
• This stock is one of the most significant fallers in the period.
• Is the fall justified? Is a bounce due?
• The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
• Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
• Shares -48% from 12-month highs; +3% from 12 month lows.

Latest News

06 Mar:  Goldman Sachs reiterates its buy rating on Marks & Spencer Group (MKS) and reduced the target price to 200p (from 215p).

27 Feb:  Exane BNP Paribas has downgraded its rating on Marks & Spencer Group (MKS) to underperform (from neutral) and reduced the target price to 160p (from 185p).

11 Feb:  Marks and Spencer, the UK retailer, announced it had given Eoin Tonge the role of CFO.  Tonge was previously the CFO of Greencore, the food producer.

05 Feb:  Marks and Spencer announced that non-executive director Katie Bickerstaffe will take on a new role as chief strategy and transformation director.

14 Jan:  RBC Capital Markets reiterates its outperform rating on Marks & Spencer Group (MKS) and reduced the target price to 220p (from 230p).

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

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

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