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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: 273.80
Bid: 272.20
Ask: 272.40
Change: -3.00 (-1.08%)
Spread: 0.20 (0.073%)
Open: 276.70
High: 277.50
Low: 272.10
Prev. Close: 276.80
MKS Live PriceLast checked at -

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Broker tips: Tesco, Persimmon, M&S, Interserve

Thu, 08th Jan 2015 11:51

After an "unimaginatively bad 2014", things are starting to improve at supermarket giant Tesco after a much better-than-expected Christmas trading performance, according to analysts at Shore Capital.Shore retained its 'hold' recommendation for investors, but said that measures being taken by new chief executive Dave Lewis to shore up the balance sheet should lower the likelihood of a near-term rights issue. Meanwhile, Hargreaves Lansdown Stockbrokers said that the current consensus rating on Tesco of a 'sell' is "unlikely to budge" for the moment but said: "Perhaps, at last, there are some glimmers of light at the end of the tunnel."Credit Suisse has downgraded its rating for Persimmon from 'neutral' to 'underperform', saying that the shares are overvalued, as it cut its target prices for stocks across the UK housebuilding sector."There has been a lot to like about the Persimmon equity story in recent years, and we remain of the view that it is a quality operator. However, we believe valuations have reached a point that we cannot justify," said the bank's Harry Goad and Samuel Thomas. They said that valuations in the sector are 75% more expensive than their 20-year average, and Persimmon's premium to the sector has expanded to 25% from 10% historically.Despite Marks & Spencer's disappointing Christmas trading update on Thursday, brokers Investec and The Share Centre have retained their 'buy' recommendations on the stock.Given the number of issues in different areas of the business, it is perhaps remarkable that full-year profit guidance was maintained," said The Share Centre's research analyst Ian Forrest. Investec said that the stock's current valuation does not reflect the company's "gross margin opportunity and shift to cash generation".Broker Numis said trading at support services and construction group Interserve was in line with expectations, though it lowered its 2015 earnings estimates by 3% to 63.1p per share because of higher investments."We retain our target price and move back to 'buy' following share price weakness which we believe reflects (unmerited) Middle East concerns on the back of lower oil prices," Numis said in a note.
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21 Nov 2023 09:54

LONDON BROKER RATINGS: Deutsche says 'buy' B&M and Marks & Spencer

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

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17 Nov 2023 15:20

London close: Stocks higher despite weaker retail sales data

(Sharecast News) - London's stock markets finished in a positive state on Friday despite weaker-than-expected UK retail sales figures.

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16 Nov 2023 09:40

LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

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

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15 Nov 2023 08:56

TOP NEWS: Reckitt promotes Darroch to chair as Sinclair leaves

(Alliance News) - Reckitt Benckiser Group PLC on Wednesday said its Chair Chris Sinclair plans to retire, having completed his full nine-year term at the company.

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9 Nov 2023 15:50

UK dividends calendar - next 7 days

Friday 10 November 
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Monday 13 November 
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Thursday 16 November 
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9 Nov 2023 15:45

DIRECTOR DEALINGS: M&S Non-Exec Potter buys GBP124,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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9 Nov 2023 15:45

Director dealings: M&S director snaps up 50,000 shares

(Sharecast News) - Marks & Spencer revealed on Thursday that non-executive director Cheryl Potter had acquired 50,000 ordinary shares in the FTSE 100-listed retailer.

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9 Nov 2023 09:43

LONDON BROKER RATINGS: M&S and Unilever raised but Asos cut

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

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8 Nov 2023 16:53

LONDON MARKET CLOSE: Stocks mixed; Powell gives little about rates

(Alliance News) - Stock prices in London closed mixed on Wednesday, after US Federal Reserve's Jerome Powell gave little away about the future of interest rates.

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8 Nov 2023 12:08

LONDON MARKET MIDDAY: Europe muted as eyes turn to Fed's Powell

(Alliance News) - European equities largely inched into the green at midday on Wednesday, though investors awaited with caution a speech from US Federal Reserve Chair Jerome Powell this afternoon.

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8 Nov 2023 08:48

LONDON MARKET OPEN: M&S impresses but ITV slumps on tepid ad revenue

(Alliance News) - Stock prices in Europe opened mixed on Wednesday, with equities struggling to push on with hawkish words from US central bankers hurting enthusiasm.

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8 Nov 2023 08:35

TOP NEWS: Marks & Spencer cautiously optimistic as profit jumps

(Alliance News) - Marks & Spencer Group PLC on Wednesday reported improved interim results and early signs suggest the clothing, home and food retailer will enjoy a robust Christmas.

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8 Nov 2023 07:45

LONDON BRIEFING: M&S profit surges; JD Wetherspoon upping investment

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, with equities on the back foot after more hawkish comments from a US central banker.

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8 Nov 2023 07:01

M&S cautious on H2 despite 52% jump in interim profit; Divi restored

(Sharecast News) - UK retailer Marks & Spencer on Wednesday reinstated its dividend and delivered a 56.2% rise in first-half profits, but warned sounded a note of caution about future trade in the run in to Christmas citing higher interest rates, weather and geopolitical events.

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7 Nov 2023 12:07

LONDON MARKET MIDDAY: Housebuilders and retail up, miners and oil down

(Alliance News) - European equities were mixed heading into Tuesday afternoon, with weaker China data and doubts over the US interest rate outlook weighing on the mood.

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