RBC keeps EUR 21.00 target for Jeronimo Martins stock

RBC Capital maintained a Buy rating and a EUR 21.00 target for Jeronimo Martins on October 12, 2026, putting the target 17.52 percent above the EUR 17.87 Lang & Schwarz price. In second-quarter 2026, revenue reached EUR 9.38 billion, up 4.00 percent from the same quarter a year earlier, while net income was EUR 141.00 million, according to Simply Wall St. Jeronimo Martins stock was trading at EUR 17.87 at Lang & Schwarz on October 15, 2026 at 3:07 p.m. CEST, 2.82 percent above the Euronext Lisbon close of October 14, 2026 at EUR 17.38.

Second-quarter revenue reached EUR 9.38 billion

The latest reported quarter combines sales growth with a thin earnings margin. Net income was EUR 141.00 million and profit margin was 1.50 percent, compared with 1.60 percent in the second quarter of 2025. Earnings per share came to EUR 0.22, down from EUR 0.23 a year earlier. The figures were reported for the quarter ended June 30, 2026.

For investors, the key comparison is between the 4.00 percent revenue increase and the broadly flat net income result. That gap keeps operating costs and margin development central to the stock's valuation picture.

Price stays 21.21 percent below its high

The current price sits within a EUR 16.11 to EUR 22.68 52-week range as of October 15, 2026. At EUR 17.87, the stock was 21.21 percent below its high and 10.92 percent above its low. Its one-year performance was minus 15.55 percent as of October 14, 2026.

Valuation and October 28 earnings date

Jeronimo Martins had a market capitalization of EUR 11.2 billion, a price-to-earnings ratio of 17.68 and a dividend yield of 4.00 percent as of October 15, 2026. Simply Wall St lists October 28, 2026 as the next earnings date.

Comparison with peers

Jeronimo Martins: plus 2.82 percent, price-to-earnings ratio 17.68, market capitalization EUR 11.2 billion
Sonae (Euronext Lisbon, EUR): plus 0.24 percent, price-to-earnings ratio 25.18, market capitalization EUR 4.1 billion
Carrefour (Euronext Paris, EUR): plus 2.69 percent, price-to-earnings ratio 14.78, market capitalization EUR 11.7 billion

Trading position and next date

The market is pricing Jeronimo Martins below its 52-week high while the latest quarter showed revenue growth ahead of net income growth. The next scheduled earnings date is October 28, 2026.

Jeronimo Martins stock was trading at EUR 17.87 at Lang & Schwarz on October 15, 2026 at 3:07 p.m. CEST, up 2.82 percent versus the Euronext Lisbon close of October 14, 2026 at EUR 17.38. The further course of trading is shown by the continuously updated real-time quote of Jeronimo Martins stock.

Market context: Market report PSI 20.

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