Oddo BHF raises target for Banco Comercial stock to EUR 1.35

Banco Comercial stock was trading at EUR 1.14 at Lang & Schwarz on October 14, 2026 at 12:36 p.m. CEST, while Oddo BHF had raised its target from EUR 1.20 to EUR 1.35 on September 30, 2026, according to Jornal Economico. Banco Comercial Portugues reported first-half net profit of EUR 566.10 million, a 12.70 percent year-over-year increase, according to Morningstar DBRS.

Oddo BHF lifts its target

Oddo BHF kept its Outperform recommendation while lifting the target from EUR 1.20 to EUR 1.35 per share. The revision followed a separate Goldman Sachs increase from EUR 1.14 to EUR 1.27 on September 29, 2026, with a Neutral recommendation, according to Jornal Economico. The different ratings leave target revisions as a valuation signal rather than a uniform analyst call.

Three milestones in twelve months

On September 21, 2026, Morningstar DBRS upgraded Banco Comercial Portugues's long-term issuer rating to A from A (low), citing resilient profitability and credit growth. On September 30, 2026, Oddo BHF raised its target to EUR 1.35, and on October 12, 2026, finanzen.net reported estimates for third-quarter earnings of USD 0.233 per share from three analysts.

What does the target reset signal?

Morningstar DBRS said first-half net interest income rose 3.40 percent year over year and net fees and commissions increased 5.80 percent. The same assessment put return on equity at 15.00 percent, up from 14.50 percent in the first half of 2025, while operating expenses rose 5.40 percent because of inflation and higher technology and compliance costs.

Results date approaches

Banco Comercial Portugues is expected to publish its quarter ended September 30, 2026, on October 27, 2026, according to finanzen.net. Analysts cited by the outlet expect quarterly revenue of USD 1.16 billion, compared with USD 1.54 billion in the year-earlier quarter.

Stock remains below yearly high

At EUR 1.14 at Lang & Schwarz on October 14, 2026 at 12:36 p.m. CEST, Banco Comercial stock stood EUR 0.10 below its EUR 1.24 52-week high and EUR 0.40 above its EUR 0.74 low. The company had a market capitalization of EUR 16.8 billion on the same date. The further course of trading is shown by the continuously updated real-time quote of Banco Comercial stock.

Market context: Market report PSI 20.

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