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MKS Marks And Spencer Group Plc

273.80
-3.00 (-1.08%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marks And Spencer Group Plc LSE:MKS London Ordinary Share GB0031274896 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -1.08% 273.80 15,053,486 16:35:11
Bid Price Offer Price High Price Low Price Open Price
272.20 272.40 277.50 272.10 276.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc General Mdse Stores 11.93B 363.4M 0.1842 14.78 5.37B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:25:47 O 481 273.80 GBX

Marks And Spencer (MKS) Latest News (2)

Marks And Spencer (MKS) Discussions and Chat

Marks And Spencer Forums and Chat

Date Time Title Posts
21/5/202417:18Archie Norman bringing home the M&S bacon1,371
21/5/202411:27Marks & Sparks, chat and charts13,819
24/4/202417:09JUST Marks And Spencer (MKS)2,902
10/12/202220:23MKS8,912
26/7/202216:51MKS sparks and its on its way to Ј8 1

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Marks And Spencer (MKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-21 16:25:47273.804811,316.98O
2024-05-21 16:23:15273.807,18119,661.58O
2024-05-21 16:22:01276.701,837,0615,083,147.79O
2024-05-21 16:22:01276.701,837,0615,083,147.79O
2024-05-21 15:53:31273.69116,977320,154.35O

Marks And Spencer (MKS) Top Chat Posts

Top Posts
Posted at 21/5/2024 09:20 by Marks And Spencer Daily Update
Marks And Spencer Group Plc is listed in the Misc General Mdse Stores sector of the London Stock Exchange with ticker MKS. The last closing price for Marks And Spencer was 276.80p.
Marks And Spencer currently has 1,972,347,176 shares in issue. The market capitalisation of Marks And Spencer is £5,370,701,360.
Marks And Spencer has a price to earnings ratio (PE ratio) of 14.78.
This morning MKS shares opened at 276.70p
Posted at 18/5/2024 19:40 by johnwise
Marks & Spencer (MKS.L) — Reports on Wednesday 22 May


​​Investors expect Marks & Spencer’s upcoming full year earnings to show an ongoing recovery for the British retailer.

Analysts have nudged up the consensus underlying pre-tax profit forecast for the year to March 2024 to £653m, compared to the range of £550m to £600m that had prevailed before the interims, according to AJ Bell.

"Shares in Marks & Spencer are trading very close to five-year highs, and they rank as the second-best performers within the ranks of the FTSE 100 (^FTSE) over the past 12 months. However, the share price is almost unchanged in 2024 and that slight loss of momentum may reflect, bottom up, management’s efforts to keep a lid on earnings forecasts and, top down, the delay on the long-awaited interest cuts from the Bank of England," the investment platform analysts said.

Adding to the positive sentiment surrounding M&S shares is the recent bullish stance taken by several brokers. Last month, both JPMorgan and Jefferies upgraded the stock to the equivalent of "buy" ratings.

"Such broker upgrades often serve as a positive factor for a stock's performance, as they can influence investor sentiment and attract additional demand," Chris Beauchamp, chief market analyst at IG, wrote.

For the current fiscal year, the dividend forecast stands at 6.2p, representing a yield of 2.3% at the current share price.

"Notably, this dividend forecast is nearly double the figure for the previous year ended 31 March. With dividends on the rise, M&S could potentially attract a new set of investors seeking passive income streams," he added.

Guy Lawson-Johns, equity analyst at Hargreaves Lansdown, reminds investors that the retail sector is tricky.

“So far, trading this year has given Marks and Spencer shareholders plenty to be happy about. Growing market share and margins whilst embarking on a significant cost-cutting programme is a tough balancing act, but the group’s nailed it so far. Along with Lidl and the retail arm of Ocado (OCDO.L), which it owns a 50% share of, M&S is ranked as Britain’s fastest-growing grocer over the last quarter," he said.

"But the retail sector is a notoriously tricky operating environment and wage inflation and business rates have provided an unwanted challenge to its cost cutting programme. Despite this, next week’s full-year results are still expected to land in line with analyst estimates. This includes revenue growth of 8.9% over the year, to £13bn, and operating profit growth of 28.5% to £805m", he added.

Stocks to watch next week
Posted at 12/5/2024 20:30 by netcurtains
I dont really understand how MKS makes money on clothes...

For me, I look at M&S clothes, nothing is quite what I want.

I go to TKMAX (or uniqlo) and I find lots of things I want
at a lower price...

Why are people buying stuff in M&S - it doesn't make sense....
You want a t-shirt or jumper or pants or socks its always
better (more choice/brands) at TKMAX ....
Posted at 01/5/2024 10:39 by debsdowner
90 new jobs for Bakkavor quite a boost and the good news for Marks keeps going on. A number of large conglomerates or even private equity will be kicking themselves they didn't make an offer for Marks when the share price was as low as 70p ish.

Too late now if an offer came in Marks would fight it off.
Posted at 22/4/2024 14:30 by debsdowner
Marks should have been well North of current share price and over £3 with all the upgrades the last few months.
Posted at 11/3/2024 10:02 by qantas
Marks & Spencer was also in the black after an upgrade to 'outperform' from 'sector perform' at RBC Capital Markets.

"The M&S share price has come in 17% from recent highs, due to investor repositioning and concerns over the UK consumer and costs outlook," the bank said. "But there has been no great change in its strong fundamentals in our view. At 10x CY24E P/E, the shares appear to be pricing no growth, but we think M&S can deliver this with a progressive cash returns policy, thus broadening its appeal to long term investors."

Please do your own research as always and follow FCA guidelines.
Posted at 15/12/2023 07:39 by eigthwonder
That’s what the share price says - but maybe it will all be in the share price by then. Retail stocks have a habit of peaking with the January trading updates.
Posted at 14/12/2023 13:06 by debsdowner
BOE interest rates on hold but 3 members are favouring a rise which may take some steam off MKS share price.
Posted at 08/12/2023 17:06 by makinbuks
Further from the same source:

"Earlier today another one of Marks & Spencer’s bonds, a sterling issue with £128m outstanding (£300m originally) that had a coupon of 4.25%, matured. At end-September 2019 (the last MKS results pre-pandemic), the Group had £1.9bn of MTNs outstanding, which has now reduced to £0.9bn (a 51% reduction). MKS does >£1.3bn of EBITDA a year, leaving it well placed to meet upcoming maturities (£203m in 2025; £202m in 2026; £250m in 2027; and $300m in 2037) from internal cashflows. Furthermore, MKS had net debt (pre-leases) of only £320m at end-September 2023, so it should transition to net cash in the not too distant future – something that will give it a competitive advantage over indebted peers. The elimination of coupon payments as bonds mature is not transformational in terms of Group profitability, but it is nonetheless a helpful tailwind to EPS. MKS trades on an undemanding 11.1x FY (year-end March) 2025 earnings and yields 2.2%, per Bloomberg consensus data."

Again, can only agree. Once MKS has net cash we will see dividends growing in excess of inflation and share buybacks. More wealth manager buying and a gradual long term rise in the share price
Posted at 08/12/2023 16:53 by makinbuks
From an e mail received from Theodosian Capital this afternoon:

"S&P upgraded M&S to investment grade (BBB-, was BB+) with a stable outlook this week. Bonds issued under MKS’ EMTN programme have coupon step-up features relating to a downgrade to junk. Following the March 2020 downgrade to sub-investment grade by both S&P and Moody’s MKS said in its FY (year-end March) 2020 Annual Report that “this should result in an additional c.£15m of annual interest costs, payable following the next coupon payment”. Moody’s still has MKS on sub-investment grade (Ba1, one notch below investment grade). However, I suspect (but am not certain – I have a query in to MKS IR on it) that receipt of one IG rating might reverse the coupon step-up. If I’m right, this should knock around £10m a year off MKS’ finance costs (as medium-term notes outstanding have reduced from £1.47bn at end-FY 2020 to £1.05bn at end-H1 2024. MKS trades on a very undemanding 12.2x consensus FY 2024 earnings, falling to just under 11x 2025 earnings, given the momentum behind the business."

Good point, shows the potential flywheel effect of recent strong trading and results
Posted at 11/11/2023 18:45 by waldron
M&S shares: what the analysts think plus latest price targets

One of the UK’s best-known retailers is undergoing an impressive and much-needed transformation, and shareholders are finally feeling the benefit. Here’s how the City has reacted to latest results.

9th November 2023 13:38

by Graeme Evans from interactive investor




A “chronically undervalued” Marks & Spencer Group MKS

share price has been backed to reach at least £3 as favourable reviews for the resurgent retailer continued in the City today.

Peel Hunt said upgraded forecasts will “look miles too low” if M&S can deliver on the promises outlined in a five-year strategy briefing, which the company held with analysts after yesterday’s better-than-expected half-year results and dividend restoration.

The City firm left yesterday afternoon’s presentation convinced that the management team is “as impressive a unit as we have seen at the company in years, possibly ever”.



Peel Hunt said it learned a lot about how processes are improving within M&S, including the supply chain, in-store tactics and product sourcing. This has underlined its belief that the turnaround can be both a sales and margin story.

The positive commentary follows half-year profits of £360 million that comfortably beat City forecasts of £275 million, with the beat driven by both sides of the business.

Food like-for-like sales grew by 11.7% and margins were encouraging in clothing and home after an improvement to 12.1% from 9.8% the previous year. M&S also reported further robust trading in October, boosting confidence in the run-up to Christmas.

The City’s full-year profit consensus rose from £560 million to around £640 million, although M&S struck a cautious tone amid the highest interest rates in two decades.

As it had previously promised, the company declared a “modest” 1p a share dividend to reflect the improved operating performance, balance sheet and credit metrics.

This will be paid on 12 January and represents the first distribution to shareholders in four years. Peel Hunt is looking for a total for the year of 6p, rising to 8p a share in 2025.


Shares jumped 9% yesterday and are now up 90% to 243p over this year, with last night’s valuation of £4.8 billion giving M&S a stronger foothold in the FTSE 100 index after recently ending four years of mid-cap exile.

Despite the progress, M&S loyalists among its 100,000 or so retail investors will recall being above 500p in 2015 and sharing a dividend pot worth £375 million the following year.

Peel Hunt believes yesterday’s upgrades may end up looking too conservative if the strong trading in food and especially clothing and home (C&H) lasts beyond Christmas.

The broker said: “The value for money position in food continues to improve and style progress persists in C&H.

“The expression “positive dissatisfaction̶1; prevails, and may do so in shareholders' minds, in that the shares have done well, but they remain chronically undervalued in our view. We stick with a strong Buy but our 300p target price is probably too low on a 12-month view.”



Among other City firms, JP Morgan today switched the retailer to “neutral”; from “underweight” with its new price target of 260p up from 170p previously.

Analysts at Morgan Stanley upgraded their earnings forecasts but stick with their “overweight221; rating and 280p price target for now.
Marks And Spencer share price data is direct from the London Stock Exchange

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