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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
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Share Price: 262.10
Bid: 262.90
Ask: 264.10
Change: 0.60 (0.23%)
Spread: 1.20 (0.456%)
Open: 262.10
High: 262.10
Low: 262.10
Prev. Close: 261.50
MKS Live PriceLast checked at -

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Broker snap: Citi remains upbeat about M&S prospects

Fri, 10th Jan 2014 09:49

Marks & Spencer's share price was extending gains on Friday morning after Citigroup maintained its 'buy' rating for the stock on the back of a confident outlook.The stock rose strongly on Thursday following its third-quarter results despite the company failing to meet forecasts with its like-for-like (LFL) sales, with sentiment propped up by upbeat comments from a number of analysts.LFL sales in the UK fell by 0.2% in the three months ended December 28th, some 100 basis points lower than Citi's forecasts. Total sales rose by just 1.5%, below the 2% expected by the US bank, with ongoing weakness in General Merchandise (GM) outweighing a strong Food performance. Citi said that the 'miss' mainly reflects the highly promotional UK clothing market in the run-up to Christmas.However, the bank remains bullish: "The combination of our stronger 2014 and 2015 UK economic growth forecasts, and M&S management initiatives (especially on GM availability) has markedly improved the credibility of double-digit FY15 and FY16 M&S earnings per share growth forecasts."We argue that this should underpin the group's current undemanding valuation metrics."The bank's 510p target price equates to a price-to-earnings ratio of 13.The stock was up 2.04% at 470.3p by 10:40 on Friday, trading at not seen since the start of December.BC
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London shares climb over 1%, M&A action lifts midcap stocks

FTSE 100 up 1.6%, FTSE 250 adds 1.1%

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22 Apr 2024 16:58

LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease

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(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.

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22 Apr 2024 11:33

Jefferies upgrades M&S, Next and Sainsbury's to 'buy'

(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.

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22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

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LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

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16 Apr 2024 08:38

UK discounter B&M expects full-year profit at top end of guidance

2023/24 revenue up 10.1% to 5.5 bln stg

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11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

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11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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11 Apr 2024 07:54

JPMorgan upgrades Marks & Spencer to 'overweight'

(Sharecast News) - JPMorgan Cazenove upgraded Marks & Spencer on Thursday to 'overweight' from 'neutral' and lifted the price target to 330p from 260p as it took a look at European general retail.

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