# Marks and Spencer Group Plc -24.1% potential downside indicated by JP Morgan

- Link: https://www.directorstalkinterviews.com/marks-and-spencer-group-plc-24.1-potential-downside-indicated-by-jp-morgan/4121129103
- Published: 2023-10-10T12:59:09+01:00
- Author: Charlotte Edwards

**Marks and Spencer Group Plc** with ticker (LON:MKS) now has a potential downside
of -24.1% according to [JP Morgan](https://www.directorstalkinterviews.com/company/news/funds).

JP Morgan set a target price of 170 GBX for the company, which when compared to 
the Marks and Spencer Group Plc share price of 224 GBX at opening today (10/10/2023)
indicates a potential downside of -24.1%. Trading has ranged between 92 (52 week
low) and 246 (52 week high) with an average of 7,858,606 shares exchanging hands
daily. The market capitalisation at the time of writing is £4,436,479,114.Marks 
and Spencer Group PLC is a United Kingdom-based retail company, which is focused
on own label businesses, including food, clothing and home and, bank and services
in the United Kingdom and internationally. The Company’s segments include UK Clothing&
Home, UK Food, International, Ocado and All other segments. The UK Clothing & Home
segment is engaged in the retailing of womenswear, menswear, lingerie, kids wear,
and home products through United Kingdom retail stores and online. The UK Food segment
includes UK retail food business and UK Food franchise operations, which consist
of five categories, including protein deli and dairy; produce; ambient and in-store
bakery; meals, desserts, and frozen; hospitality; Food on the Move, and direct sales
to Ocado Retail Limited. The International segment consists of Marks and Spencer-
owned businesses in Europe and Asia and international franchise operations. The 
Ocado segment includes investments in Ocado Retail Limited.

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