Jefferies raises target for Banco Comercial stock to EUR 1.30

Published on 10/21/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 28, 2026, with EUR 293.0 million profit projected. Banco Comercial stock costs EUR 1.11 on October 21, 2026, versus EUR 1.30.

Analyst view and reporting date

Jefferies lifted its target from EUR 1.24 to EUR 1.30 on October 20, 2026.
Third-quarter profit was projected at EUR 293.0 million ahead of October 28, 2026.
Banco Comercial stock trades at EUR 1.11 at 10:43 a.m. CEST at Lang & Schwarz on October 21, 2026.

Banco Comercial, PTBCP0AM0015, Illustration mit AI erstellt.

Banco Comercial stock (ISIN PTBCP0AM0015) was trading at EUR 1.11 at Lang & Schwarz on October 21, 2026, while Jefferies raised its price target from EUR 1.24 to EUR 1.30. The change was reported on October 20, 2026, ahead of the bank's third-quarter results.

According to Jornal Economico, Jefferies kept its Buy recommendation and lifted the target by 4.84 percent from EUR 1.24 to EUR 1.30. The target stands 17.12 percent above the Lang & Schwarz price of EUR 1.11.

What will results reveal?

Jefferies projected third-quarter profit of EUR 293.0 million, 2.66 percent below its stated consensus figure of EUR 301.0 million, according to the October 20, 2026 report. The research highlighted net interest income in Portugal as the key operating measure and projected growth of 14.00 percent in 2026, 12.00 percent in 2027 and 8.00 percent in 2028.

Three dated milestones for Banco Comercial

On September 25, 2026, Banco Comercial disclosed purchases of 22,616,213 shares under its buyback program, according to GlobeNewswire. On October 14, 2026, Goldman Sachs upgraded Banco Comercial from Neutral to Buy and raised its target from EUR 1.27 to EUR 1.35, as reported by Markets Insider. Jefferies then raised its target to EUR 1.30 on October 20, 2026.

When is the next report?

Banco Comercial is scheduled to report third-quarter results on October 28, 2026, a date cited in the Jefferies research. That release will provide the next test of the earnings outlook behind the latest target revisions.

Price and valuation context

The current EUR 1.11 quote sits EUR 0.13 below the 52-week high of EUR 1.24 and EUR 0.36 above the 52-week low of EUR 0.75. The market capitalization was EUR 16.4 billion on October 21, 2026. Banco Comercial's primary listing is on Euronext Lisbon, where the ticker is BCP and the quotation currency is EUR.

Banco Comercial was trading at EUR 1.11 at Lang & Schwarz on October 21, 2026, at 10:43 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Banco Comercial stock.