UBS raises its target to GBp 465 for Marks & Spencer stock

Published on 10/15/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS lifted its target to GBp 465 on October 14, 2026. Marks & Spencer stock costs EUR 4.90 on October 15, 2026, with GBP 14.2 billion in fiscal 2025/26.

Targets, results and trading date

UBS lifted its Marks & Spencer target from GBp 425 to GBp 465 on October 14, 2026.
Fiscal 2025/26 sales reached GBP 14.2 billion and adjusted profit before tax was GBP 671.4 million.
Marks & Spencer stock traded at EUR 4.90 at 1:09 p.m. CEST at Lang & Schwarz on October 15, 2026.

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Marks & Spencer (ISIN GB0031274896) traded at EUR 4.90 at Lang & Schwarz on October 15, 2026 at 1:09 p.m. CEST. The latest catalyst is UBS lifting its target from GBp 425 to GBp 465 on October 14, 2026, while retaining a Buy rating, according to Yahoo Finance.

UBS sees online margin potential

UBS expects online margins in Marks & Spencer's fashion, home and beauty division to reach 10.70 percent by the financial year ending March 2029, compared with 7.50 percent in the financial year ending March 2025. The bank also sees overall division margins reaching 12.50 percent, up from 11.00 percent previously and above a 11.40 percent consensus estimate, according to Yahoo Finance.

The same UBS analysis puts the retailer's next half-year adjusted pre-tax profit at GBP 388.0 million, below a GBP 398.0 million consensus estimate but within a GBP 380.0 million to GBP 390.0 million investor range. Half-year results are scheduled for November 4, 2026, according to Yahoo Finance.

Three dated developments

On October 1, 2026, Marks & Spencer announced the admission of 48,125 ordinary shares to trading, with the London Stock Exchange named as the regulated market, according to Reuters. On October 14, UBS raised its target to GBp 465 from GBp 425. On October 15, 2026, MarketBeat reported a consensus target of GBp 432.50 from eight covering firms, with six Buy ratings and two Hold ratings, according to MarketBeat.

What does the margin case mean?

The key test is whether online efficiency can convert into reported profit. Marks & Spencer's fiscal 2025/26 sales reached GBP 14.2 billion, while adjusted profit before tax was GBP 671.4 million and free cash flow from operations was GBP 131.3 million, according to the company's investor materials at Marks & Spencer. UBS's margin assumptions therefore give the November results a concrete benchmark: GBP 388.0 million of adjusted pre-tax profit against GBP 398.0 million consensus.

Trading date and investor calendar

The next substantiated reporting date is November 4, 2026, when Marks & Spencer is due to publish half-year results. The figures will help test whether the fashion, home and beauty recovery can support the online-margin path outlined by UBS.

Price stays in euro view

Marks & Spencer traded at EUR 4.90 at Lang & Schwarz on October 15, 2026 at 1:09 p.m. CEST. The London Stock Exchange remains the company's primary exchange, where the ordinary shares trade under ticker MKS.L in GBp.

The further course of trading is shown by the continuously updated real-time quote of Marks & Spencer stock.