According to Surperformance ratings, the group still has strong fundamentals. Based on current prices, the company is valued at 0.83 times its sales.

Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the GBp 356.8 support. Therefore, a technical rebound will fix an objective near the GBp 382.3 short-term resistance.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of this area to buy Marks and Spencer. The objectives will be set at GBp 382.3 and by extension GBp 398.8. The stop loss will be triggered below the GBp 356.8 support.