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Marks and Spencer Announces Share Awards Amid Cyber Incident Delays

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Marks and Spencer Announces Share Awards Amid Cyber Incident Delays

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The latest announcement is out from Marks and Spencer ( (GB:MKS) ).

Marks and Spencer Group plc has announced several transactions involving the award of conditional shares to directors and persons discharging managerial responsibilities under various share plans. These include the Performance Share Plan, Deferred Share Bonus Plan, and a Restricted Share Plan for specific individuals. The announcement follows a delay in target setting for the 2025/26 awards due to a recent cyber incident, with targets expected to be disclosed by the end of the year. This move is part of the company’s strategy to align management incentives with shareholder interests and address compensation adjustments for key personnel.

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 Neutral.

Marks and Spencer’s overall score is driven by strong financial health and positive corporate events, signaling confidence in future growth. However, technical analysis indicates bearish market sentiment, and valuation concerns slightly dampen the outlook.

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 headquartered in London, known for offering a diverse range of products including clothing, home products, and luxury food items. The company operates in the retail industry with a focus on providing high-quality goods and services to its customers.

Average Trading Volume: 10,102,954

Technical Sentiment Signal: Buy

Current Market Cap: £6.84B

For detailed information about MKS stock, go to TipRanks’ Stock Analysis page.

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