J.P. Morgan targets Clicks stock at ZAR 300.00

Published on 10/17/2026 at 18:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Earnings rose 8.10 percent for six months to February 28, 2026. Clicks stock was ZAc 24,000.00 on October 16, 2026, down 1.25 percent on the JSE.

Analyst view and trading metrics

On October 13, 2026, J.P. Morgan set a ZAR 300.00 target for Clicks Group.
For the six months to February 28, 2026, diluted headline earnings per share rose 8.10 percent.
Clicks stock last stood at ZAc 24,000.00 at 5:03 p.m. SAST on October 16, 2026, down 1.25 percent on the JSE.
Clicks Group traded at a trailing P/E ratio of 16.99 on October 16, 2026.

Clicks, ZAE000134854, Illustration mit AI erstellt.

J.P. Morgan raised its recommendation on Clicks Group from neutral to overweight and set a ZAR 300.00 price target on October 13, 2026, according to X. That target is 25.00 percent above the ZAR 240.00 equivalent of the latest JSE quote. The stock last stood at ZAc 24,000.00 at 5:03 p.m. SAST on October 16, 2026, down 1.25 percent on the JSE.

Half-year growth reaches 8.10 percent

Clicks Group's latest reported period covered the six months ended February 28, 2026. According to Clicks Group, group turnover increased 7.40 percent, while retail turnover rose 5.40 percent and distribution turnover gained 13.00 percent. The trading margin was 9.10 percent.

Diluted headline earnings per share increased 8.10 percent for the same six-month period. Operating cash generation reached ZAR 1.9 billion, return on equity was 45.70 percent and the interim dividend increased 8.40 percent to 258 cents per share.

Stock position and valuation

The October 16 quote places Clicks at ZAc 24,000.00 against a previous JSE quote of ZAc 24,303.00. The share's 52-week range was ZAc 18,366.00 to ZAc 38,618.00, putting the latest level 37.85 percent below the high. The market capitalization was ZAR 55.6 billion, with a trailing P/E ratio of 16.99 and a dividend yield of 4.00 percent.

Comparison with peers

Clicks: minus 1.25 percent, P/E 16.99, market capitalization ZAR 55.6 billion

Dis-Chem Pharmacies (JSE, ZAc): minus 2.23 percent, P/E 23.87, market capitalization ZAR 23.3 billion

Shoprite Holdings (JSE, ZAc): minus 2.05 percent, P/E 22.41, market capitalization ZAR 177.6 billion

Business scale supports the frame

Clicks Group operates a South African health, beauty and wellness retail business alongside pharmaceutical distribution. Its footprint included 939 Clicks and UniCare stores in South Africa and 791 pharmacies as of February 28, 2026. The group has also been included in the FTSE/JSE Top 40 Index for eight years, according to its corporate information.

Clicks stock last stood at ZAc 24,000.00 at Lang & Schwarz on October 16, 2026 at 11:01 p.m. CEST, while the JSE quote was down 1.25 percent on the day. The JSE was closed on October 17, 2026.