Marks Electrical Group (MRK)

Sector:

Retailers

 52.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.00p
  • 52 Week Low: 48.00p
  • Currency: UK Pounds
  • Shares Issued: 104.95m
  • Volume: 0
  • Market Cap: £54.57m
  • RiskGrade: 60

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 52.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.00p
52 Week Low 48.00p
Volume 0
Shares Issued 104.95m
Market Cap £54.57m
RiskGrade 60

MRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.81% below the market average28.81% below the market average28.81% below the market average28.81% below the market average28.81% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average
Price Trend
23.89% below the market average23.89% below the market average23.89% below the market average23.89% below the market average23.89% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
89.66% below the market average89.66% below the market average89.66% below the market average89.66% below the market average89.66% below the market average
82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average
Growth
70.21% below the market average70.21% below the market average70.21% below the market average70.21% below the market average70.21% below the market average
38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average

MRK Dividends

  Latest Previous
  Final Interim
Ex-Div 10-Jul-25 28-Nov-24
Paid 14-Aug-25 20-Dec-24
Amount 0.66p 0.30p

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

MRK Key Personnel

CEO Mark Adrian Smithson

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