Citi sets 470 GBp target for Marks & Spencer stock

Published on 10/06/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted profit before tax reached GBP 671.4 million in fiscal 2025/26. Marks & Spencer stock costs EUR 4.57 on October 6, 2026 versus EUR 4.48.

Geometrisches Bauhaus-Poster mit bunten Formen und dem Wort RETAIL — Bauhaus-Poster mit Sektor-Schriftzug RETAIL repräsentiert Marks and Spencer Group plc, ISIN GB0031215220, im Retro-Design, Illustration mit AI erstellt.

Marks & Spencer (ISIN GB0031274896) is trading at EUR 4.57 at Lang & Schwarz on October 6, 2026 at 9:46 a.m. CEST, up 2.01 percent versus the prior close of EUR 4.48. According to Markets Insider on September 21, 2026, Citi analyst Monique Pollard maintained a Buy rating and set a 470 GBp price target for Marks & Spencer.

Citi target stays above the market

The target gives the latest analyst view a clear numerical anchor. A primary-exchange quote put Marks & Spencer at GBp 384.30 on the London Stock Exchange at 8:53 a.m. BST on October 6, 2026, making the 470 GBp target 22.27 percent above that quoted price.

The same exchange quote showed a 52-week range of GBp 301.10 to GBp 418.33. The target is therefore above the current yearly high, while the Lang & Schwarz price remains a separate euro reference for German-market investors.

Profit remains the operating benchmark

The company investor page reports GBP 14.2 billion of group sales excluding Ocado Retail, GBP 671.4 million of adjusted profit before tax, GBP 131.3 million of free cash flow from operations and GBP 338.2 million of net funds excluding leases for fiscal 2025/26. It also lists adjusted return on capital employed at 12.7 percent for that period.

Those figures give the analyst target a business-performance backdrop rather than leaving it as a valuation signal alone. The adjusted profit before tax figure is the key comparison point for the next reporting cycle because it captures the group result after the difficult operating period described in recent coverage.

November results set the next test

Interactive Investor reported on September 17, 2026 that Berenberg used a 480 GBp target and expected half-year profit of GBP 394 million for results on November 4, 2026. The report also said Food growth was expected to be weighed against weaker Fashion, Home and Beauty performance, creating a quantified counterpoint to the bullish ratings.

For the share price, the relevant distinction is between the live euro indication and the London quotation. The London price supplies the same-currency comparison for analyst targets, while Lang & Schwarz sets the reference level for this article.

Marks & Spencer stock trades at EUR 4.57

Marks & Spencer stock was trading at EUR 4.57 at Lang & Schwarz on October 6, 2026 at 9:46 a.m. CEST, plus 2.01 percent versus the prior close of EUR 4.48 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Marks & Spencer stock.