Marks and Spencer Group Plc 33.7% potential upside indicated by JP Morgan Cazenove

Marks and Spencer Group Plc with ticker (LON:MKS) now has a potential upside of 33.7% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 330 GBX for the company, which when compared to the Marks and Spencer Group Plc share price of 247 GBX at opening today (19/04/2024) indicates a potential upside of 33.7%. Trading has ranged between 157 (52 week low) and 293 (52 week high) with an average of 8,632,055 shares exchanging hands daily. The market capitalisation at the time of writing is £4,976,425,720.

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.