Jeronimo Martins stock trades at EUR 16.88 as EBITDA rises

Published on 10/07/2026 at 14:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jeronimo Martins stock was trading at EUR 16.88 on October 7, 2026, while 22 analysts set an average target of EUR 22.68. First-half EBITDA rose 7.6 percent.

Moderner Supermarkt mit Frischeregalen, Kunden mit Einkaufswagen in heller Verkaufshalle — Jerónimo Martins SGPS SA (PTJMT0AE0001) betreibt moderne Supermärkte mit frischen Regalen und zufriedenen Kunden europaweit, Illustration mit AI erstellt.

Jeronimo Martins stock was trading at EUR 16.88 on Euronext Lisbon on October 7, 2026, down 0.18 percent from the previous close. The company entered the final quarter with first-half sales up 5.1 percent to EUR 18.3 billion and EBITDA up 7.6 percent to EUR 1.2 billion, according to Jeronimo Martins in its July 29, 2026 market release.

First-half margin reaches 6.8 percent

The first-half EBITDA margin reached 6.8 percent, 16 basis points above the year-earlier level. The result came as the group used volume growth, product mix and cost controls to defend profitability while shoppers remained focused on promotions.

Management's first-half presentation also showed a net cash position of EUR 11 million at the end of June, excluding IFRS 16, after EUR 409 million in shareholder payments. That balance gives the group financial flexibility, but the operating backdrop remains demanding because food-price deflation in Poland is pressuring nominal sales growth.

Analysts see room above EUR 22

Consensus remains constructive despite the weaker share-price trend. Investing.com lists a Buy consensus from 22 analysts, including 19 Buy ratings, 2 Holds and 1 Sell, with an average 12-month target of EUR 22.68, a high of EUR 29.00 and a low of EUR 15.10. The average target lies 34.6 percent above the EUR 16.88 intraday price.

The latest individual call was more measured in its valuation. According to Markets Insider on October 6, 2026, Erste Group upgraded the stock to Buy from Accumulate and set a EUR 21.30 price target.

Stock remains near yearly low

The intraday quote stood 4.8 percent above the 52-week low of EUR 16.11 and 25.6 percent below the high of EUR 22.68. The contrast explains the investor debate: operating earnings are growing, while the market is still pricing in pressure on Polish retail margins and consumer demand.

For investors, the next test is whether the group can convert volume-led growth into sustained margin expansion. Jeronimo Martins stock was last at EUR 16.88 on Euronext Lisbon at 12:40 p.m. WEST on October 7, 2026, with a market capitalization of EUR 10.6 billion.