Jeronimo Martins stock fell 3.86 percent as Barclays held Buy

Published on 10/04/2026 at 19:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jeronimo Martins stock fell 3.86 percent to EUR 16.94 on October 2, while Barclays kept its EUR 20.00 target. H1 sales rose 5.1 percent to EUR 18.3 billion.

Börsenhandelssaal mit Bildschirmen, die den PSI 20 Index und Finanzcharts anzeigen — Jerónimo Martins SGPS SA (PTJMT0AE0001) ist im PSI 20 gelistet, symbolisiert durch einen belebten Börsenhandelssaal, Illustration mit AI erstellt.

Jeronimo Martins stock fell 3.86 percent to EUR 16.94 on Euronext Lisbon on October 2, 2026, after the retailer's shares lost EUR 0.68 in the session. The latest analyst signal was constructive: Markets Insider reported on October 2 that Barclays maintained a Buy rating and a EUR 20.00 price target.

Barclays keeps its Buy rating

The Barclays target stands 18.1 percent above the October 2 price, using the same euro quotation. That gap gives the analyst call a clear valuation reference, even as the latest market session moved sharply lower.

Markets Insider also reported a Strong Buy analyst consensus with an average price target of EUR 22.59. That consensus target is 33.4 percent above the October 2 share price, while the article placed market capitalization at EUR 11.28 billion.

H1 sales grew 5.1 percent

The operating picture behind the rating was mixed by market, but growth remained measurable. In the first six months of 2026, group sales increased 5.1 percent to EUR 18.3 billion, or 4.5 percent at constant exchange rates, according to the Yahoo Finance transcript of the July 30, 2026 earnings call.

EBITDA grew 7.6 percent to EUR 1.2 billion, and the EBITDA margin rose from 6.6 percent to 6.8 percent. The company said volume-led growth and efficiency supported profitability while food-price deflation and promotional competition weighed on the Polish market.

Biedronka generated sales of EUR 12.6 billion in the first half, up 1.7 percent, while Ara sales reached EUR 2.0 billion after a 30.2 percent increase in euros. The figures show why the group can still expand sales and margin even while its largest division faces heavy price competition.

Stock closed at EUR 16.94

Jeronimo Martins stock closed at EUR 16.94 on Euronext Lisbon on October 2, 2026, down 3.86 percent for the session. The next company checkpoint is scheduled for October 28, 2026, when the group is due to publish third-quarter results.