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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: 310.30
Bid: 310.20
Ask: 310.50
Change: -1.30 (-0.42%)
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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Citi still sees 'strategic rationale' for Ocado Retail, raises target for M&S

Wed, 02nd Sep 2020 15:21

(Sharecast News) - Citi sounded a positive note on the launch of Ocado Retail, bumping up its target price for Marks&Spencer 's shares to 120.0p in the process.
Despite the difficult environment encountered during the year-long planning phase for its launch - which saw increased demand for Ocado - the broker argued that the strategic rationale for the partnership remained intact.

"[Ocado Retail] should allow a wider range of customers to reappraise the M&S offer in terms of breadth of range, relative price and quality in addition to delivering volume synergies," they said.

Citi analysts did lower their estimates for M&S's profits before tax in financial year 2021 from £241m to £166m, but raised that for FY 2022 by 7% to £331m, from £309m, on the back of the "significant" cost restructuring that was under way.

The analysts stuck to their 'neutral' recommendation for shares of M&S.

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15 Aug 2023 08:29

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15 Aug 2023 07:49

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M&S lifts guidance as food, clothing sales surge

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27 Jul 2023 12:30

Zara owner Inditex says it will stop buying clothes from Myanmar

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18 Jul 2023 10:33

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18 Jul 2023 09:34

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half.

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18 Jul 2023 08:46

TOP NEWS: Ocado backs outlook and hails "good progress" in half-year

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LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

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Iceland Foods joins UK supermarket rivals in cutting prices

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