Marks and Spencer Group Plc 22.5% potential upside indicated by Barclays

Marks and Spencer Group Plc with ticker (LON:MKS) now has a potential upside of 22.5% according to Barclays.



Barclays set a target price of 300 GBX for the company, which when compared to the Marks and Spencer Group Plc share price of 245 GBX at opening today (07/02/2024) indicates a potential upside of 22.5%. Trading has ranged between 136 (52 week low) and 293 (52 week high) with an average of 6,764,948 shares exchanging hands daily. The market capitalisation at the time of writing is £4,775,562,660.

Marks and Spencer Group P.L.C. is a United Kingdom-based holding company. The Company is engaged in clothing and home and food company. The Company operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All other segments. UK Clothing & Home segment comprises the retailing of women’s wear, menswear, lingerie, kids’ wear and home products through UK retail stores and online. UK Food segment includes the results of the United Kingdom retail food business, United Kingdom Food franchise operations and United Kingdom supply chain services, with the five main categories: protein deli and dairy; produce; ambient and in-store bakery; meals, dessert and frozen; and hospitality and Food on the Move; and direct sales to Ocado Retail Limited. International segment consists of Marks and Spencer owned businesses in Europe and Asia and the international franchise operations. Ocado segment is engaged in the investment in Ocado Retail Limited.