Marks and Spencer Group Plc 53.8% Potential Upside Indicated by Morgan Stanley

Broker Ratings
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Marks and Spencer Group Plc using EPIC/TICKER code (LON:MKS) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at Morgan Stanley. Marks and Spencer Group Plc are listed in the Consumer Services sector within UK Main Market. Morgan Stanley have set a target price of 160 GBX on its stock. This now indicates the analyst believes there is a possible upside of 53.8% from the opening price of 104 GBX. Over the last 30 and 90 trading days the company share price has decreased 2.75 points and decreased 73.55 points respectively. The 52 week high for the stock is 264.93 GBX while the 52 week low for the stock is 73.9 GBX.

Marks and Spencer Group Plc has a 50 day moving average of 112.13 GBX and the 200 Day Moving Average price is recorded at 173.99. There are currently 1,950,059,808 shares in issue with the average daily volume traded being 17,804,702. Market capitalisation for LON:MKS is £1,788,984,084 GBP.

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