Noble Securities cut target for Eurocash stock to PLN 5.70

Published on 10/08/2026 at 15:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 6.10 percent in the first half of 2026. Eurocash stock costs EUR 1.14 on October 8, 2026 after EUR 1.15.

Eurocash, PLEURCH00011, Illustration mit AI erstellt.

Eurocash (PLEURCH00011) was trading at EUR 1.14 at Lang & Schwarz on October 8, 2026 at 3:40 p.m. CEST, down 0.87 percent from the EUR 1.15 prior close. Noble Securities cut its Eurocash target from PLN 6.30 to PLN 5.70 and lowered its rating from Accumulate to Hold in a report dated September 10, 2026, according to Bankier.pl.

Revenue declines during transformation

Eurocash revenue fell 6.10 percent year over year to PLN 13.90 billion in the first half of 2026, while reported EBITDA under IFRS 16 declined 7.90 percent to PLN 323.00 million, according to FXMag.

The second quarter showed the pressure more clearly: revenue declined 8.70 percent year over year, while EBITDA under IFRS 16 fell 12.20 percent to PLN 202.00 million. Net debt before IFRS 16 stood at PLN 500.00 million at June 30, 2026, down from PLN 640.00 million at March 31, 2026 but above PLN 368.00 million at June 30, 2025, FXMag reported.

What does the target cut mean?

The PLN 5.70 target is 9.52 percent below the former PLN 6.30 target. Noble Securities said the restructuring had reduced costs but also weighed on sales, and judged the expected recovery to be weaker than management's target of PLN 600.00 million in EBIT for 2027, according to Bankier.pl. The comparison gives investors a clear dividing line: lower costs are visible, but sales recovery must catch up before the valuation case strengthens.

Three dated milestones frame the story

On March 31, 2026, Eurocash reported PLN 6.66 billion in quarterly revenue and a PLN 86.37 million net loss, according to FXMag. On June 30, 2026, second-quarter revenue reached PLN 7.20 billion and reported EBITDA reached PLN 201.60 million, based on the same report. On September 10, 2026, Noble Securities cut its target to PLN 5.70 and changed its rating to Hold, as Bankier.pl reported.

Next company date

Eurocash is scheduled to release its third-quarter 2026 earnings on November 19, 2026, according to MarketScreener.

Eurocash stock remains under review

Eurocash was trading at EUR 1.14 at Lang & Schwarz on October 8, 2026 at 3:40 p.m. CEST, down 0.87 percent versus the EUR 1.15 prior close at Lang & Schwarz on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Eurocash stock.