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Marks and Spencer Group Plc 5.1% Potential Decrease Indicated by JP Morgan Cazenove

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 ‘UNDERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Marks and Spencer Group Plc are listed in the Consumer Services sector within UK Main Market. JP Morgan Cazenove have set their target price at 230 GBX on its stock. This indicates the analyst believes there is a potential downside of -5.1% from today’s opening price of 242.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 43.5 points and decreased 47.2 points respectively. The 52 week high for the share price is currently at 316.6 GBX while the 52 week low is 237.5 GBX.

Marks and Spencer Group Plc has a 50 day moving average of 279.04 GBX and a 200 Day Moving Average share price is recorded at 286.98. There are currently 1,625,021,095 shares in issue with the average daily volume traded being 6,478,283. Market capitalisation for LON:MKS is £4,039,802,305 GBP.