Jeronimo Martins stock gains as Jefferies raises target to EUR 21

Published on 09/22/2026 at 15:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jeronimo Martins stock traded at EUR 18.47 on September 22, 2026, up 3.24 percent. Jefferies lifted its target from EUR 18 to EUR 21.

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Jeronimo Martins stock (ISIN PTJMT0AE0001) traded at EUR 18.47 on Euronext Lisbon on September 22, 2026, up 3.24 percent, as TradingView reported that Jefferies raised its price target from EUR 18 to EUR 21. The move gives the stock a fresh analyst catalyst after its September 21, 2026 close of EUR 17.89.

Jefferies raises target to EUR 21

Jefferies upgraded Jeronimo Martins from Hold to Buy and lifted the target by EUR 3, or 16.7 percent, according to Ideal Investor on September 22, 2026. The revised target is EUR 2.53 above the September 22, 2026 market price of EUR 18.47, representing a 13.7 percent difference.

The market reaction was visible in Lisbon trading. Jornal Economico reported on September 22, 2026, that the shares rose 3.24 percent to EUR 18.47 while Jeronimo Martins led gains on the Portuguese PSI.

Recent earnings set the counterpoint

The latest earnings figures cited by MarketBeat relate to the quarter announced on July 29, 2026. Earnings per share were USD 0.72, beating the USD 0.60 consensus by USD 0.12, while revenue reached USD 10.67 billion against USD 10.74 billion expected.

That combination matters for interpreting the target increase: earnings exceeded expectations by 20 percent, but revenue missed the estimate by USD 0.07 billion, or 0.7 percent. The same September 21, 2026 report put net margin at 1.73 percent and return on equity at 20.03 percent, showing why the valuation case still depends on operating profitability rather than sales growth alone.

Stock remains below yearly high

On September 21, 2026, Jeronimo Martins closed at EUR 17.89 after reaching EUR 18.03 during the session, with reported volume of 978,341 shares and market capitalization of EUR 11.258 billion. The 52-week range cited by Investing.com was EUR 16.11 to EUR 22.68 on September 21, 2026, leaving the September 22 price 18.6 percent below the yearly high and 14.6 percent above the yearly low.

The price target revision therefore arrives while the shares remain below the upper end of their 52-week range. For investors, the central comparison is between Jefferies' EUR 21 target, the EUR 18.47 market price on September 22, 2026, and the latest quarter's EPS beat alongside its revenue shortfall.

Jeronimo Martins stock trades at EUR 18.47

Jeronimo Martins stock traded at EUR 18.47 on Euronext Lisbon on September 22, 2026, up 3.24 percent from the previous quoted level. The reference price is in euros because Euronext Lisbon is the company's primary listing venue.