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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: 307.90
Bid: 307.80
Ask: 308.00
Change: -2.20 (-0.71%)
Spread: 0.20 (0.065%)
Open: 310.50
High: 310.50
Low: 307.50
Prev. Close: 310.10
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N+1 Singer keeps 'buy' on M&S as 'significant' potential remains

Thu, 10th Apr 2014 08:55

In reaction to fourth quarter results from Marks and Spencer, broker N+1 Singer said the lack of visible revenue improvements was continuing to test investor resolve, but that these numbers provided some small encouragement, enough to maintain a 'buy' recommendation. Singer analysts Matthew McEachran and Mark Photiades said there was "no doubting the massive amount of change being implemented across the group", both in terms of customer-facing and back-of-house projects, and should these changes gain traction the potential is "significant", especially for cutting costs. "The recent pressure on forecasts is disappointing but given the current valuation metrics we remain buyers on the back of the targeted transformation of the offer and improving in-store proposition," the pair wrote.The interim management statement (IMS) showed period sales broadly in line but margins slightly weaker, meaning minimal full year changes would expected.The analysts observed that speculation had again been rife about weakness in quarter four, but the numbers were "fractionally better versus expectations, giving something to counter the bearish general tone amongst spectators". The food gross margin has been slightly better than expected but this was more than offset by a weaker than expected gross margin from general merchandise, meaning the full year was now inked in for a 20 basis point decline compared to a flat outcome previously expected but not a total surprise. "We suspect cost savings may have broadly offset the gross margin shortfall," the pair added.Any changes to forecasts today are likely to be minimal if at all, meaning M&S trades on a March 2015 P/E ratio of 13 times, with a 3.9% yield. "It is worth noting that as a period of heavy investment draws to a close cashflow is now expected to dramatically improve with our forecasts currently assuming a £0.5bn net debt reduction over two years."OH
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19 Jun 2023 14:31

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M&S cuts prices of 70 products, holds prices of 150

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M&S agrees settlement with Swizzels in Percy Pig court case

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2 Jun 2023 11:07

IN BRIEF: Marks & Spencers tenders GBP228.1 million loan notes

Marks & Spencers PLC - London-based food, clothing, home and bank services retailer - Says it has tendered GBP107.2 million of GBP300.0 million 3.750% notes that are due in 2026, and that it has tendered GBP120.9 million of GBP324.6 million 4.750% notes due in 2025. This follows the invitation made to holders of outstanding notes to tender their notes for purchase by the company for cash in an aggregate nominal amount of up to the 2025 notes and 2026 notes maximum acceptance amount. The offers were announced in May 2023, and were made on terms and subject to conditions contained in the tender offer memorandum. The company also announces that the 2025 and 2026 notes final acceptance amount is expected to be set at GBP219.4 million in aggregate nominal amounts of notes.

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30 May 2023 09:14

LONDON BROKER RATINGS: RBC cuts Dr Martens to 'sector perform'

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

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26 May 2023 09:41

LONDON BROKER RATINGS: RBC cuts Halfords; Berenberg likes Sabre

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

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26 May 2023 08:54

UK shoppers boost spending despite inflation's bite

Retail sales in April +0.5% m/m vs Reuters poll +0.3%

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25 May 2023 09:23

LONDON BROKER RATINGS: Numis starts Tristel with 'add'

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

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25 May 2023 07:52

LONDON BRIEFING: Germany enters recession; UK energy price cap lowered

(Alliance News) - Stocks in London were called to open lower on Thursday, amid the continued political scrap over raising the US government debt limit and after news that Germany has entered a technical recession.

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24 May 2023 14:42

ShoreCap sees 'attractive' entry point in Marks & Spencer

(Sharecast News) - Analysts at ShoreCap told clients they believed they saw a "very attractive entry point" into Marks & Spencer's shares, given the increasing possibility of a rating expansion.

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24 May 2023 12:31

M&S shares soar as strategy 'beginning to deliver'

2022/23 profit down 7.8%

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LONDON MARKET MIDDAY: US debt deadlock, robust UK inflation hit stocks

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as the deadline to come to a US debt ceiling agreement creeps closer, leaving investors fearing for the worst.

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