Cheap Stock To Buy

last updated on

Cheap Stock To Buy

A Cheap Stock To Buy Before It's Too Late

The UK stock market is trading at record highs. However, there are still many stocks that are available at a discount. Marks & Spencer is a stock just like that, which also attracted the attention of institutional analysts.

Marks & Spencer operates in the retail sector and doesn't need any introduction. The company did face a cyber attack on its online stores. However, the share price has since recovered from that incident.

Marks & Spencer Stock Price Can Touch 700p

In the last 12 months, Marks & Spencer's stock price is up by 20%. However, Shore Capital analysts think Marks & Spencer stock is highly mispriced. They think the Marks & Spencer stock price can cross 700p in the long-term.

This is a very bullish forecast as the Marks & Spencer stock is trading in the 400s range. If the Marks & Spencer stock price reaches its target, it would mean an upside of more than 65%.

However, this is just an analysis, and there are no guarantees. In the case of M&S, one key risk is that the company is exposed to the UK consumer spending environment. As things stand now, the UK consumer market is going through a cost-of-living crisis.

Looking ahead, experts think the UK consumer market will improve in the coming years. However, it does pose a risk to Marks & Spencer's sales and revenue numbers.

If the customers of M&S downgrade to cheaper products, it would make it difficult for the company to maintain its momentum.

But no investment is without risk, and that's the nature of the stock market. So, if you are in search of a cheap stock with huge upside potential, you can consider Marks & Spencer stock.

Marks & Spencer has a solid history and isn't one of those companies that popped up like a mushroom. With all things considered, Marks & Spencer stock is a must-buy if you want some exposure to the retail sector.

Trending Stories