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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: 257.80
Bid: 257.50
Ask: 257.70
Change: -5.10 (-1.94%)
Spread: 0.20 (0.078%)
Open: 262.10
High: 262.30
Low: 255.80
Prev. Close: 262.90
MKS Live PriceLast checked at -

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Liberum initiates coverage of M&S, Dixons Carphone and Poundland

Wed, 13th Apr 2016 15:24

(ShareCast News) - Liberum initiated coverage of seven consumer discretionary stocks on Wednesday, including Marks & Spencer, Dixons Carphone and Poundland.The brokerage highlighted a preference for companies with structural growth and margin upside supported by self-help."Balance sheet strength and dominant market share also provide a degree of protection from tougher economic conditions. In a world of low-to-no inflation we believe pricing power is critical. For those companies that offer one or a number of these characteristics we are prepared to pay a high multiple."It started M&S at 'sell' with a 350p price target, saying that despite strength in food, general merchandise remains an impediment to growth.The brokerage said that while it was encouraged to see a new experienced retailer in charge, any changes could take 18 months to reflect in sales and profits."While the valuation is not challenging we see too many structural concerns to give us confidence that M&S can grow returns," it said.Liberum initiated Dixons Carphone at 'buy' with a 510p price target.It noted strong underlying earnings momentum and said merger synergies were being realised ahead of plan, with upside risk to the company's targeted £80m of benefits.The brokerage started Poundland at 'hold' with a 160p price target.It said the integration of 99p stores should deliver £25m incremental EBITDA uplift over the next two years, but is causing short-term disruption.At 1536 BST, M&S shares were up 1.8% to 445.40p, Dixons was 2.5% higher at 422p and Poundland shares were down 0.7% to 147.95p.
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23 Apr 2024 12:00

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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23 Apr 2024 08:54

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

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23 Apr 2024 08:36

TOP NEWS: Grocery inflation eases again in April despite early Easter

(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.

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22 Apr 2024 17:21

London shares climb over 1%, M&A action lifts midcap stocks

FTSE 100 up 1.6%, FTSE 250 adds 1.1%

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22 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.

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22 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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22 Apr 2024 11:33

Jefferies upgrades M&S, Next and Sainsbury's to 'buy'

(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.

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22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

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

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22 Apr 2024 08:49

LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer

(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.

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19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

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17 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.

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16 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

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11 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.

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11 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:

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11 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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