Kepler Cheuvreux cuts target for Jeronimo Martins stock to EUR 19.60
Published on 10/16/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating results
- Kepler Cheuvreux cut its Jeronimo Martins target from EUR 20.40 to EUR 19.60 on October 15, 2026.
- First-half 2026 sales reached EUR 18.30 billion and EBITDA reached EUR 1.20 billion.
- Jeronimo Martins stock traded at EUR 17.99 at 10:32 a.m. CEST at Lang & Schwarz on October 16, 2026.
- The estimated next earnings date is October 28, 2026.
Jeronimo Martins stock (ISIN PTJMT0AE0001) was trading at EUR 17.99 at Lang & Schwarz on October 16, 2026 at 10:32 a.m. CEST. The immediate catalyst was a target cut by Kepler Cheuvreux, which lowered its per-share target from EUR 20.40 to EUR 19.60 on October 15, 2026, according to Jornal Economico. The bank retained its Buy recommendation.
What does the target cut change?
The new EUR 19.60 target remains EUR 1.61 above the Lang & Schwarz price on October 16, 2026. That gap leaves the analyst view focused on execution rather than a change in the retailer's operating model, while the target revision signals more cautious valuation assumptions.
Jeronimo Martins delivered first-half 2026 sales of EUR 18.30 billion, up 5.10 percent year over year, while EBITDA rose 7.60 percent to EUR 1.20 billion and the margin reached 6.80 percent. Those figures came with continued food-price deflation and cost pressure, making volume growth and mix central to the investment case, according to the company's results call published by Yahoo Finance.
Three dated developments
On May 6, 2026, Jeronimo Martins reported first-quarter 2026 results through its investor-relations page. On July 29, 2026, it released first-half 2026 results showing EUR 18.30 billion in sales, according to the Jeronimo Martins investor-relations page. On October 15, 2026, Kepler Cheuvreux cut its target from EUR 20.40 to EUR 19.60, as reported by Jornal Economico.
The next reporting date
MarketBeat lists October 28, 2026 as the estimated next earnings date, after the market close. The company is listed on Euronext Lisbon, and its current market capitalization is EUR 11.3 billion as of October 16, 2026. Its 52-week range is EUR 15.90 to EUR 22.68.
Price leaves results in view
The share price sits EUR 2.69 below its 52-week high and EUR 2.09 above its 52-week low. For investors, the next results date and the response to persistent food-price deflation are the clearest tests of whether the first-half margin performance can continue.
Jeronimo Martins was trading at EUR 17.99 at Lang & Schwarz on October 16, 2026 at 10:32 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Jeronimo Martins stock.
Jeronimo Martins stock facts
- Company: Jeronimo Martins, SGPS, S.A.
- ISIN: PTJMT0AE0001
- WKN: 878605
- Ticker: JMT
- Primary exchange: Euronext Lisbon
- Price Lang & Schwarz (as of October 16, 2026, 10:32 a.m. CEST): EUR 17.99
- Market capitalization: EUR 11.3 billion (as of October 16, 2026)
- 52-week range: EUR 15.90-EUR 22.68 (as of October 16, 2026)
- Sector / Industry: Consumer Defensive / Grocery Stores
- Next earnings date: October 28, 2026
Market context: Market report PSI 20.
