Marks & Spencer, the high street retail chain, first took formation as a retail venture in 1894, becoming a listed company in 1926. The group generates almost all of its revenue from UK clothing and food sales. Marks has a chain of some 400 stores throughout the UK with a further 150 overseas.
Marks And Spencer Group Plc Ord 25P is listed on the London Stock Exchange trading with ticker code MKS.L, and is part of the Retailers sector. It has a market capitalisation of £469,452m, with approximately 1,625m shares in issue. Over the last year, Marks And Spencer Group Plc share price has been traded in a range of 76.6, hitting a high of 316.60, and a low of 240.00.
Marks And Spencer Group Plc is in the Retailers sector.
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|Shares in Issue||1,625m|
|52 Week High||316.60|
|52 Week Low||240.00|
Marks and Spenser is an avoid at the current levels as the valuation also shows that the company is fairly priced at the current level. The stock finished trading on the London stock exchange at 291p on 10th September, down by 0.78% compared to the last close. The stock has been trading below 20 DMA (Day moving average), 50 DMA and 100 DMA of 299p, 305p and 292p respectively. Trading below the short term moving averages generally doesn’t go well with the bulls! In terms of technical analysis or charting also, the stock is forming head and shoulders pattern and in case the stocks goes below 290p, it may see a retest of lows of 260-270. Therefore traders or investors shall avoid initiating any long in the company till we see any signs of consolidation or up move. The immediate support and resistance lies at 288p and 299p respectively. Traders or investors would be advised to keep an eye at the respective levels and accordingly hedge the positions. (Read more)
Marks and Spenser is an avoid at the current levels as the stock has been falling continuously for the last many months. The company announced its half yearly results a few days back on 8th November. However, post the results also the stock has continued its southward journey. The stock finished trading on the London Stock exchange at 302p a share on 18th November, up by 0.36% compared to the previous close. In terms of charting or technical analysis, the stock has formed a rounding top pattern, which further confirms the bearish movement of the stock. It had also breeched the support levels of 310 and has tested the lows of 300p. However, any fall or closing below 300p can take the stock to 250p as well. Therefore, we would advise traders or investors to stay away from marks and Spenser, unless the stock starts consolidating and has bottomed out. The immediate support and resistance for the stock is at 300p and 330p respectively. (Read more)
Marks and Spencer group plc. is a ‘Hold’ at the current level as the stock still has a lot of scope of upside. The stock finished trading on the London Stock exchange at 382.5 p a share on 31st May, down by 1.14% compared to its previous close. The company announced its financial year 2017 results on 24th May. However, post the announcement of the results, the stock has been seen in a correction mode. However, investors or traders shall wait for the stock to consolidate at its support levels and can even initiate fresh buying from the respective support zone. As per the charting or technical analysis, the medium term or long term trend of the stock looks bullish only as the stock has been firmly trading on the upward trend line and has also been making higher highs and lower lows. Currently, the retail giant has been trading above its 20 day moving average (DMA), 50 DMA and 100 DMA of 380p, 359p and 347p respectively. The immediate support for the stock is at 380p and 370p respectively. If the stock would be done with its correction or consolidation around 377p-380p, then investors or traders can initiate fresh buying and could hold the stock for the higher targets. The resistance for the stock is at 395p. Therefore, traders or investors shall keep a close eye at the respectively levels and accordingly initiate fresh positions in the stock. (Read more)