Marks & Spencer trading volume surged on Friday following better-than-expected profit numbers. The share price increased by over 14%.
The pandemic had a profound impact on nearly all physical stores – including Marks and Spencer. However, the company gave us a sign of optimism this weekend, its share price increasing by more than 14%. If you want to trade one of the UK’s retail giants, read on.
First, you perhaps want to know where you can buy M&S stock – check out the next section below to find out the best places to buy Marks and Spencer shares right now. Then, we will provide you with a deeper insight into the company’s background, so you can make an informed decision.
How & Where to Buy Marks & Spencer Stock Online
Buying stocks nowadays is extremely easy – all you need to do is choose an online broker and sign up with them. Here are the best places to buy M&S stock right now:
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What Is Marks and Spencer?
Marks and Spencer (LON: MKS) is a retailer headquartered in London, U.K., and sells a wide variety of clothing, food and home products. Most of its product portfolio contains M&S’s own label.
Should I Buy Marks and Spencer Today?
On Friday, Marks and Spencer took the market participants by surprise – as it struggles to return to pre-pandemic profit levels, the company exceeded profit expectations by £50m, surging from £300m to £350m. This is even more impressive considering that 2020 was the first time the publicly listed company announced a financial loss in almost a century.
The good news was quickly embraced by investors, turning M&S into the top riser in the FTSE250 on Friday. The great financial results were not only pushed by higher consumer demand but also the result of its restructuring programme.
Is Marks and Spencer worth your attention today? It may be, depending on your objectives. Volatility trading might come with risks – and this stock may also remain uncertain considering that there might be supply chain disruptions and, consequently, increased costs. So, don’t forget to implement various risk management tools so you can reap all of the benefits of this volatility without promising your capital.
Marks and Spencer Price Prediction 2021
Marks and Spencer has a high price prediction of 210 GBX and a low price prediction of 125 GBX for the next 12 months. The average price is 176.39 GBX.