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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: 310.40
Bid: 310.20
Ask: 310.50
Change: -1.20 (-0.39%)
Spread: 0.30 (0.097%)
Open: 313.70
High: 313.80
Low: 308.10
Prev. Close: 311.60
MKS Live PriceLast checked at -

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Broker tips: M&S/Debenhams, Thomas Cook, Croda

Tue, 12th Jul 2011 11:34

Matrix has maintained its positive stance on high street retailers Marks & Spencer and Debenhams after the British Retail Consortium's (BRC) Retail Sales Monitor for June came in ahead of estimates.Like-for-like sales fell by 0.6%, while total sales grew by 1.5%. "This is better than expected, and a big improvement on the -2.1% decline in May, although obviously not flagging an immediate revival in consumer spending across the board," said analyst Tom Gadsby.With market share to be gained - after the closure and failings of many businesses - the broker has labelled Debenhams with a buy rating and 90p target price. Marks & Spencer, too, is also seen as a buy with a target price of 407p, and the broker expects an "improved picture" when it gives its first quarter report on Wednesday.Prime Markets suggests selling Thomas Cook shares into any strength down to 100p until its interim management statement on 11 August.The travel operator issued a profit warning for the third quarter on Tuesday, with underlying operating profit for the three months ended 30 June likely to be £5m lower than expectations at £20m. Full-year figures are now expected to be below estimates.While the broker notes that a lot of bad news is already in the firm's share price, it believes that the "ongoing uncertainty, fragile economy and resulting poor sentiment" will provide more downward pressure. UBS has hiked its target price for speciality chemicals group Croda by 17% from 1,900p to 2,220p, saying that the group has "many attractive qualities"."Croda is in an extremely attractive position, supplying renewable products in a typically petrochemical industry. We expect that the shift towards 'green' will continue to drive demand and profitability," the Swiss broker said.Ahead of the group's second quarter results due on 28 July, UBS has raised its earnings per share (EPS) forecasts for the year ending 31 December 2011 by 1.8% to 121.4p. EPS estimates for the following two years (ending 2012 and 2013) are upped by 5.6% to 137.4p and by 7.1% to 154.5p, respectively.A buy recommendation is maintained.BC
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19 Jun 2023 14:31

Britain's M&S the latest supermarket to cut prices

M&S cuts prices of 70 products, holds prices of 150

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M&S agrees settlement with Swizzels in Percy Pig court case

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(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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2 Jun 2023 11:07

IN BRIEF: Marks & Spencers tenders GBP228.1 million loan notes

Marks & Spencers PLC - London-based food, clothing, home and bank services retailer - Says it has tendered GBP107.2 million of GBP300.0 million 3.750% notes that are due in 2026, and that it has tendered GBP120.9 million of GBP324.6 million 4.750% notes due in 2025. This follows the invitation made to holders of outstanding notes to tender their notes for purchase by the company for cash in an aggregate nominal amount of up to the 2025 notes and 2026 notes maximum acceptance amount. The offers were announced in May 2023, and were made on terms and subject to conditions contained in the tender offer memorandum. The company also announces that the 2025 and 2026 notes final acceptance amount is expected to be set at GBP219.4 million in aggregate nominal amounts of notes.

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30 May 2023 09:14

LONDON BROKER RATINGS: RBC cuts Dr Martens to 'sector perform'

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

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26 May 2023 09:41

LONDON BROKER RATINGS: RBC cuts Halfords; Berenberg likes Sabre

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

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26 May 2023 08:54

UK shoppers boost spending despite inflation's bite

Retail sales in April +0.5% m/m vs Reuters poll +0.3%

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25 May 2023 09:23

LONDON BROKER RATINGS: Numis starts Tristel with 'add'

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

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25 May 2023 07:52

LONDON BRIEFING: Germany enters recession; UK energy price cap lowered

(Alliance News) - Stocks in London were called to open lower on Thursday, amid the continued political scrap over raising the US government debt limit and after news that Germany has entered a technical recession.

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London stocks fall sharply on rate hike fears

Aviva tumbles on lower net flows

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24 May 2023 14:42

ShoreCap sees 'attractive' entry point in Marks & Spencer

(Sharecast News) - Analysts at ShoreCap told clients they believed they saw a "very attractive entry point" into Marks & Spencer's shares, given the increasing possibility of a rating expansion.

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24 May 2023 12:31

M&S shares soar as strategy 'beginning to deliver'

2022/23 profit down 7.8%

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24 May 2023 12:14

LONDON MARKET MIDDAY: US debt deadlock, robust UK inflation hit stocks

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as the deadline to come to a US debt ceiling agreement creeps closer, leaving investors fearing for the worst.

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