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Marks and Spencer ( (GB:MKS) ) has provided an update.
Marks and Spencer Group PLC announced the departure of Ronan Dunne from its Board, effective December 1. Dunne, who has been a Non-Executive Director since August 2022, is leaving to focus on early-stage businesses, aligning with his passion for supporting growth ventures. His departure comes as M&S continues its ‘Reshaping for Growth’ strategy, with recent appointments of Roger Burnley and Sean Doyle as non-executive directors, signaling a strategic shift in leadership to bolster the company’s growth and transformation efforts.
The most recent analyst rating on (GB:MKS) stock is a Buy with a £4.50 price target. To see the full list of analyst forecasts on Marks and Spencer stock, see the GB:MKS Stock Forecast page.
Spark’s Take on GB:MKS Stock
According to Spark, TipRanks’ AI Analyst, GB:MKS is a Outperform.
Marks and Spencer’s overall stock score reflects strong financial performance with robust revenue growth and cash flow management. However, the stock’s valuation appears high, and technical indicators suggest mixed momentum. The earnings call provided a balanced view with positive growth in certain areas but highlighted significant challenges, particularly the impact of a cyber incident and declines in key segments.
To see Spark’s full report on GB:MKS stock, click here.
More about Marks and Spencer
Marks and Spencer Group PLC (M&S) is a major British multinational retailer known for offering a wide range of products, including clothing, home goods, and food products. The company has a strong market presence in the UK and is recognized for its focus on quality and innovation in retail.
Average Trading Volume: 6,923,102
Technical Sentiment Signal: Buy
Current Market Cap: £7.13B
See more insights into MKS stock on TipRanks’ Stock Analysis page.