Marks & Spencer shorts praised; analysts see modest share rise

Marks & Spencer’s new £27 Pleated Longline Shorts have been praised by shoppers for their comfort and flattering fit, with many older customers noting the high waist and lightweight material as ideal for heat‑wave days.

Financial analysts project a modest upside for the retailer’s shares. The average 12‑month target price is 431.5 p, about 12% above the current level, implying a £5,000 investment could grow to roughly £5,600 before dividends. Expected earnings for FY 2027 are 35.7 p per share, giving a P/E of 11.5 and a PEG of 1.4. Analysts note risks from consumer demand fluctuations, higher oil prices and increased refrigeration costs.