Marks & Spencer cuts meat prices by up to 26 percent while Marks & Spencer stock costs EUR 4.92

Published on 10/29/2026 at 12:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS raised its target to GBp 465 from GBp 425 on October 14, 2026. Marks & Spencer stock costs EUR 4.92 on October 29, 2026.

Meat pricing and investor dates

Marks & Spencer announced meat price cuts of up to 26 percent on October 23, 2026.
UBS raised its target to GBp 465 from GBp 425 on October 14, 2026.
Marks & Spencer stock trades at EUR 4.92 at 12:50 p.m. CEST at Lang & Schwarz on October 29, 2026.

Marks & Spencer, GB0031274896, Illustration mit AI erstellt.

Marks & Spencer (ISIN GB0031274896) is cutting selected British meat prices by up to 26 percent, while its stock costs EUR 4.92 at Lang & Schwarz on October 29, 2026 at 12:50 p.m. CEST. The company said the October 23, 2026 investment keeps payments to farmers unchanged and supports its value strategy, according to Marks & Spencer.

Food value takes center stage

The reductions cover diced British beef at GBP 6.00 from GBP 7.00, lamb mince at GBP 5.60 from GBP 6.20 and pork sausages at GBP 2.00 from GBP 2.60. The company also said it sources 100 percent British beef, lamb, chicken, pork and eggs, with 10-year supplier partnerships involving ABP and Dunbia.

The pricing move gives the Food division a concrete role in the group's wider growth plan. Marks & Spencer's investor page lists fiscal 2025/26 group sales of GBP 14.2 billion, adjusted profit before tax of GBP 671.4 million and operating free cash flow of GBP 131.3 million, according to Marks & Spencer.

What does the target imply?

UBS raised its target to GBp 465 from GBp 425 on October 14, 2026, while retaining a Buy rating, according to Pluang. The note linked the higher valuation to expected online margin improvements through 2029 and cited operational efficiencies in fashion, home and beauty.

Three dated signals for the stock

On October 9, 2026, Morningstar maintained a GBp 417 fair value estimate and identified first-half fiscal 2027 results and a Capital Markets Day as upcoming milestones, according to Morningstar. On October 14, UBS lifted its target to GBp 465. On October 23, Marks & Spencer announced the meat-price investment.

Marks & Spencer is scheduled to report first-half fiscal 2027 results on November 4, 2026, and Morningstar also identified November 10, 2026 as the date of its Capital Markets Day.

Stock valuation and upcoming dates

The stock's primary listing is on the London Stock Exchange. Its quoted 52-week range is GBp 301.10 to GBp 429.40, while market capitalization is GBP 8.4 billion as of October 29, 2026. The combination of lower Food prices, a higher UBS target and the November reporting date puts operating margins at the center of the next investor assessment.

Marks & Spencer was trading at EUR 4.92 at Lang & Schwarz on October 29, 2026 at 12:50 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Marks & Spencer stock.