Is strong growth possible for M&S shares?
After an incredible couple of years for the retailer's share price, 2025 has been less exciting. Independent analyst Alistair Strang looks at potential to resume the uptrend.
1st April 2025 07:41
by Alistair Strang from Trends and Targets
For years, literally since the invention of online shopping, we’ve had considerable doubts about the survival potentials with regard the big high street retailers. But since the start of the 21st Century, Marks & Spencer Group (LSE:MKS) started a very discrete repositioning process which was impressive. Suddenly, a deal between themselves and BP saw some petrol stations migrate from being a bunch of petrol pumps, a car wash, and a shop, to become a very big M&S food store. But also equipped with fuel pumps etc.
From a personal perspective, I saw this happen to a fuel station I’d managed years previously as part of my family business. Before I escaped!
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While we retain considerable distrust for the future of any conventional high street retailers, M&S have done the work. Currently, above 356p points to potential for a visit to an initial 378p with our secondary, if bettered, at 398p. Historically, we’re always impressed when a share price regains an uptrend, due to fairly strong growth being possible.
Should things intend to go wrong for M&S, below 333p threatens to trigger reversal down to an initial 305p with our secondary, if broken, calculating at 288p, along with perhaps a bounce!
However, visually there’s a strong suggestion the share price shall eventually enter a cycle which proposes a long-term target at 501p. And this should be deserved by a company which, we suspect, spotted the potential of online shopping harming their business.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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