Marks Electrical Group (MRK)

Sector:

Retailers

Index:

FTSE AIM All-Share

 50.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 93.50p
  • 52 Week Low: 50.00p
  • Currency: UK Pounds
  • Shares Issued: 104.95m
  • Volume: 0
  • Market Cap: £53.00m
  • RiskGrade: 60
  • Beta: 0.30

Citi downgrades M&S to 'neutral', trims target price

By Michele Maatouk

Date: Thursday 18 May 2023

LONDON (ShareCast) - (Sharecast News) - Citi downgraded its stance on Marks & Spencer on Thursday to 'neutral' from 'buy' and trimmed the price target to 170p from 175p.
"Whilst we continue to view M&S's transformation positively, we also continue to expect the demand environment to deteriorate across 2023 and into 2024," the bank said.

"With a higher tax assumption driving a 5p TP target trim to 170p on 10x FYMar25E earnings per share and the shares up more than 10% since our March upgrade, we move to neutral with 4% upside/7% ETR."

At 1240 BST, the shares were down 1.4% at 161.64p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MRK Market Data

Currency UK Pounds
Share Price 50.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 93.50p
52 Week Low 50.00p
Volume 0
Shares Issued 104.95m
Market Cap £53.00m
Beta 0.30
RiskGrade 60

MRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.85% below the market average22.85% below the market average22.85% below the market average22.85% below the market average22.85% below the market average
60.98% below the sector average60.98% below the sector average60.98% below the sector average60.98% below the sector average60.98% below the sector average
Price Trend
62.77% below the market average62.77% below the market average62.77% below the market average62.77% below the market average62.77% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Income
0.68% below the market average0.68% below the market average0.68% below the market average0.68% below the market average0.68% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
81% below the market average81% below the market average81% below the market average81% below the market average81% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average

MRK Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-24 11-Jul-24
Paid 20-Dec-24 15-Aug-24
Amount 0.30p 0.66p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

MRK Key Personnel

CEO Mark Adrian Smithson
CFO Joshua E T A Egan

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