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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 261.50
Bid: 261.60
Ask: 261.80
Change: 0.80 (0.31%)
Spread: 0.20 (0.076%)
Open: 262.20
High: 262.80
Low: 259.10
Prev. Close: 260.70
MKS Live PriceLast checked at -

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BUZZ-M&S: hits 7-yr high as brokers lift targets

Tue, 07th Apr 2015 08:15

** Marks & Spencer up 3.1 pct at 7-yr high asbrokers hike targets after co recently posted best quarterlynon-food sales performance in 4 yrs

** Exane BNP Paribas lifts TP to 640p vs 570p, keeps"outperform" rating

** Broker sees announcement on additional cash returns at FYresults (May 20) as likely; across FY16-18 forecasts c.£2bn tobe returned to shareholders - c.22% of current market cap

** Barclays hikes TP to 390p vs 350p, but still"underweight"; reckons share price already reflects optimisticsales outcome & significant supply chain benefits

** Barclays says major cash returns unlikely in May as coremains highly leveraged; broker says M&S continues to rankparticularly low compared to European apparel peers in spendingmoney productively

** Stock up 40 pct over last 6 mths amid food businessoutperforming wider grocery market & improving profit marginsboth in non-food & food (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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