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Marks and Spencer Group 11.3% Potential Decrease Indicated by HSBC

Marks and Spencer Group with EPIC/TICKER (LON:MKS) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘REDUCE’ this morning by analysts at HSBC. Marks and Spencer Group are listed in the Consumer Services sector within UK Main Market. HSBC have set their target price at 155 GBX on its stock. This indicates the analyst believes there is a potential downside of -11.3% from the opening price of 174.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 24.85 points and decreased 7.55 points respectively. The 1 year high for the stock price is 298.59 GBX while the 52 week low for the share price is 161.35 GBX.

Marks and Spencer Group has a 50 day moving average of 192.08 GBX and a 200 Day Moving Average share price is recorded at 226.89. There are currently 1,950,059,808 shares in issue with the average daily volume traded being 11,815,883. Market capitalisation for LON:MKS is £3,391,152,481 GBP.