Marks and Spencer (MKS.L) 13-01-20
Shares in Marks and Spencer (MKS.L) have fallen notably from recent highs of 228.9p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?
- Currently at 190.15p (at time of writing). A move up to highs would represent a rise of 20%.
- These share are amongst the biggest fallers in the period.
- Is the move unfinished, or are we about to see a bounce?
- The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
- Shares -37% from 12-month highs; +16% from 12 month lows.
10 Jan: Barclays Capital reiterates its overweight rating on Marks & Spencer Group (MKS) and reduced the target price to 250p (from 265p).
09 Jan: Marks & Spencer announced that like-for-like revenue in the UK was marginally higher during Q3 to the end of 2019, driven by good performance in its food business.
07 Jan: Berenberg has upgraded its rating on Marks & Spencer Group (MKS) to buy (from sell) and increased the target price to 250p (from 160p).
06 Jan: Jefferies International reiterates its hold rating on Marks & Spencer Group (MKS) and increased the target price to 230p (from 207p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires