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LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges
(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.
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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
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Share Price:
262.90
Bid:
263.50
Ask:
263.80
Change:
6.30 (2.46%)
Spread:
0.30 (0.114%)
Open:
258.90
High:
264.60
Low:
258.90
Prev. Close:
256.60
Last checked at -
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Don't have an account? Click here to register.JPMorgan downgrades Next on valuation, prefers M&S
Fri, 07th Aug 2015 14:26
(ShareCast News) - JPMorgan Cazenove downgraded Next to 'neutral' from 'overweight' following the stock's strong recent share price performance, with an unchanged price target of 7,700p.JPM noted that the shares are up 13% since mid-April, as the company beat consensus expectations in both the first and second quarter, and now trade on 17.2x 2016 price-to-earnings ratio.It pointed out that over the same period, Marks & Spencer shares fell 4% and now trade on 14.4x 2016 PE.JPM said it prefers Marks & Spencer, which it rates at 'overweight' with a 600p price target, where the self-help gross margin story is ongoing. It said the group's solid first-quarter performance reflected an underlying improvement in the General Merchandise business."The 19% premium at which Next trades to Marks is unusually wide versus the 5-year average of 10%. We would also note that the premium was only 5% as recently as late May. With no particular catalysts on the horizon, we would therefore expect Marks to regain some of its recent underperformance given that the fundamental strengths of the M&S investment case remain intact," said the bank.JPM expects the current discount between Next and M&S to narrow and says Marks' valuation is an attractive entry point.At 1446 BST, Next shares were down 1.1% at 7,925p and M&S shares were 1.2% weaker at 544.18p.
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Today 08:54
LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend
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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%
*Read more22 Apr 2024 16:58
LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease
(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation.
Read more22 Apr 2024 14:54
London close: Stocks jump on weaker sterling, easing geopolitics
(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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Jefferies upgrades M&S, Next and Sainsbury's to 'buy'
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Read more22 Apr 2024 09:04
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London close: Stocks mixed as investors watch Middle East newsflow
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Read more17 Apr 2024 08:53
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.
Read more16 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
*Read more11 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.
Read more11 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:
Read more11 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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