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MKS Marks And Spencer Group Plc

245.80
-4.40 (-1.76%)
19 Apr 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
  -4.40 -1.76% 245.80 5,727,251 16:35:25
Bid Price Offer Price High Price Low Price Open Price
246.50 246.70 249.50 243.10 246.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc General Mdse Stores 11.93B 363.4M 0.1842 13.39 4.86B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:42 O 1,257 247.87 GBX

Marks And Spencer (MKS) Latest News

Marks And Spencer (MKS) Discussions and Chat

Marks And Spencer Forums and Chat

Date Time Title Posts
19/4/202413:30Marks & Sparks, chat and charts13,778
17/4/202400:26Archie Norman bringing home the M&S bacon1,362
17/3/202421:26JUST Marks And Spencer (MKS)2,901
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
2024-04-19 17:13:27247.871,2573,115.73O
2024-04-19 17:12:29244.4941,163100,638.18O
2024-04-19 17:11:48244.7753,798131,681.36O
2024-04-19 17:09:54245.0177,916190,902.77O
2024-04-19 17:06:35246.7419,75648,746.15O

Marks And Spencer (MKS) Top Chat Posts

Top Posts
Posted at 19/4/2024 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 250.20p.
Marks And Spencer currently has 1,972,347,176 shares in issue. The market capitalisation of Marks And Spencer is £4,863,808,136.
Marks And Spencer has a price to earnings ratio (PE ratio) of 13.39.
This morning MKS shares opened at 246.80p
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 04/3/2024 20:04 by darrin1471
Has the M&S story changed since the share price was £2.90. I would say not. I do not currently hold but I may be a buyer at 220/225p which would be a 30% upside to the YTD high.
Posted at 01/3/2024 10:30 by debsdowner
UK footfall the lowest since the pandemic, this is mainly down to the wettest February since records began. The other problem with the wet and gloomy weather is consumers are also less inclined to buy online as they wont need new stuff as they arent going out.

I suspect the wet weather and cautious outlook the reason why MARKS share price has weakened since results.



It will now take further outlook statement for a rapid rebound imo. I think the share is a hold from here rather than a sell.
Posted at 13/2/2024 14:46 by darrin1471
teasy1, staff shares?
A large number of staff selling shares can add to the downward pressure.
Has the M&S story changed since the share price was £2.90. I would say not. I do not currently hold but I may be a buyer at 220/225p
Posted at 12/1/2024 14:28 by maywillow
Written by:
Jamie Ashcroft


Marks and Spencer Group PLC
(
LSE:MKS
)
Marks & Spencer partway through 'significant re-invention' - broker

Published: 13:04 12 Jan 2024 GMT

Marks and Spencer Group PLC - Marks and Spencer partway through 'significant re-invention' - broker

Marks and Spencer Group PLC (LSE:MKS) is showing clear evidence that its partway through a "significant re-invention", according to analysts at Deutsche Bank.

“There is some understandable concern with regards to some consumer and cost headwinds for FY25e, but in our view M&S sales should continue to outperform the market and cost reductions delivered this year will likely annualise,” Deutsche analyst Adam Cochrane said in a note.

The German bank rates M&S as a ‘buy’ and today upgraded its price target from 310p per share to 315p, representing some 20% upside to the current price of 261.7p.

M&S’s trading statement failed to deliver an upgrade to full-year earnings guidance, disappointing some investors,

Underlying sales from the grocery section were up 9.9% for the 13 weeks ended 30 December.

Those following of Marks will know the clothing operation is still the mainstay of the business, however, and it tends to be the swing factor. This side of the business weighed in with like-for-like top-line growth of 4.8%.

Combined, the two delivered a like-for-like increase of 8.1%. Adding in the international operations, that figure came down to 7.2%.

Looking ahead, the company said results for the year will be "consistent with market expectations". However, it also said economic growth remained "uncertain" while rising costs pushed by higher wages and business rates remained a concern.

Elsewhere in the City, Peel Hunt said in its analysis shortly after the update and before the shares began trading: "The market was probably expecting an upgrade today, so shares may be slightly off, but the company continues to impress us and finished 2023 strongly."

Clive Black, the veteran retail sector analyst who is widely followed by professional investors and trusted by industry executives, was upbeat on M&S's performance during the run-up to and over the key Christmas period.

"A modernising M&S is reverting to the positive traits those of a certain age warmly remember," said the Shore Capital analyst.

"Grounded management speaks to confidence that FY24 will be consistent with market expectations.”
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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