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Marks and Spencer ( (GB:MKS) ) has provided an update.
Marks and Spencer Group PLC announced that its capital consists of 2,056,226,735 ordinary shares with voting rights, and it currently holds no shares in Treasury. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure and Transparency Rules, impacting how they manage their interests in the company.
The most recent analyst rating on (GB:MKS) stock is a Buy with a £400.00 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 stock demonstrates a strong overall performance, driven primarily by robust financial growth and stable market momentum. While technical indicators and valuation reveal a well-positioned stock in the market, recent corporate events, particularly the cyber incident, introduce some risks. Nonetheless, the acquisition of shares by directors indicates confidence in long-term growth, balancing the risk-reward profile.
To see Spark’s full report on GB:MKS stock, click here.
More about Marks and Spencer
Marks and Spencer Group PLC is a major British multinational retailer, specializing in selling clothing, home products, and food items. The company is a key player in the retail industry, known for its commitment to quality and customer service.
Average Trading Volume: 9,932,954
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.58B
See more insights into MKS stock on TipRanks’ Stock Analysis page.