The results this morning were encouraging. Particularly in fashion, where the new team has obviously started to make its mark, even if the increase was helped by a reduction of margins. Food was also a continued winner. It would have been higher with an earlier Easter, and, compared with disappointing results from Tesco, Sainsbury, and particularly Morrison, better than their peers. For all the talk about women's frocks food contributes vastly more than all clothing in terms of turnover and profits. Amazing, given that it was not a factor when I first went into a M&S before WW2.
Marks & Spencer Group PLC (MKS)23:39 ET Apr 03, 2014 Close
Chief Pulse Comment by Marc J Bolland
However, M&S's desire for international expansion with a focus on opening 250 new stores, growing its food business and increasing its franchise operations is well known, and its chief executive outlined yesterday how the company will concentrate on growing international revenues by 25% and international profits by 40%. "Our strategy of becoming an international, multi channel retailer is more relevant than ever before because of the strong growth potential of international markets," said Marc Bolland, M&S chief executive, adding that the retailer will seek a local partner to further expand in China. . "When we started in China we said we wanted to establish strong flagship stores. We have done that
<b>Marks and Spencer Group Plc Given “Buy” Rating at Jefferies Group (MKS) Posted by Alphonse Anthony on Apr 3rd, 2014</b>
Marks and Spencer Group Plc logoJefferies Group reaffirmed their buy rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 600 ($9.98) target price on the stock. Jefferies Group has also updated their ratings on a number of other stocks in the last week. The firm lowered its price target on shares of Ceragon Networks Ltd. from $3.50 to $3.40. Also, Jefferies Group raised its price target on shares of Amarin Co. plc from $3.00 to $3.50. Finally, Jefferies Group upgraded shares of CNOOC from a hold rating to a buy rating. Marks and Spencer Group Plc (LON:MKS) traded up 0.36% during mid-day trading on Wednesday, hitting GBX 471.60. The stock had a trading volume of 5,786,886 shares. Marks and Spencer Group Plc has a 52-week low of GBX 368.00 and a 52-week high of GBX 520.50. The stock has a 50-day moving average of GBX 481.4 and a 200-day moving average of GBX 478.. The company’s market cap is £7.592 billion.
MKS has been the subject of a number of other recent research reports. Analysts at Santander reiterated a hold rating on shares of Marks and Spencer Group Plc in a research note on Friday, March 28th. They now have a GBX 460 ($7.65) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an underperform rating on shares of Marks and Spencer Group Plc in a research note on Monday, March 24th. They now have a GBX 400 ($6.66) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of Marks and Spencer Group Plc in a research note on Wednesday, March 19th. They now have a GBX 510 ($8.49) price target on the stock. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 496.61 ($8.26). Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.
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