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Marks and Spencer Group Plc 1.4% Potential Decrease Indicated by HSBC

Marks and Spencer Group Plc using EPIC/TICKER code (LON:MKS) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Marks and Spencer Group Plc are listed in the Consumer Services sector within UK Main Market. HSBC have set their target price at 225 GBX on its stock. This indicates the analyst believes there is a potential downside of -1.4% from the opening price of 228.1 GBX. Over the last 30 and 90 trading days the company share price has increased 46.6 points and increased 22.9 points respectively. The 52 week high for the stock is 292.86 GBX while the year low share price is currently 161.35 GBX.

Marks and Spencer Group Plc has a 50 day moving average of 193.58 GBX and a 200 day moving average of 218.50. There are currently 1,950,059,808 shares in issue with the average daily volume traded being 12,861,547. Market capitalisation for LON:MKS is £4,425,073,847 GBP.