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Marks and Spencer Group Plc 14.4% Potential Decrease Indicated by Berenberg

Marks and Spencer Group Plc using EPIC/TICKER code (LON:MKS) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ this morning by analysts at Berenberg. Marks and Spencer Group Plc are listed in the Consumer Services sector within UK Main Market. Berenberg have set their target price at 160 GBX on its stock. This would indicate that the analyst believes there is a downside of -14.4% from today’s opening price of 187 GBX. Over the last 30 and 90 trading days the company share price has decreased 2.6 points and decreased 24.5 points respectively. The 1 year high for the stock price is 301.27 GBX while the 52 week low for the share price is 176.85 GBX.

Marks and Spencer Group Plc has a 50 day moving average of 197.37 GBX and a 200 day moving average of 240.11. There are currently 1,950,059,808 shares in issue with the average daily volume traded being 9,828,652. Market capitalisation for LON:MKS is £3,608,586,089 GBP.