KBC upgrades JDE Peets to 'accumulate' as coffee stays strong despite price hike

JDE Peets NV

05/08/2025 08:06

** KBC Securities upgrades Dutch coffee and tea company JDE Peets JDEP.AS to 'accumulate' from 'hold', as strong 1H25 results confirm coffee's resilience as a staple product

** The broker notes volumes in H1 rose 1.0% despite a 21.5% price hike, showing resilient price elasticity

** JDE Peets upgraded its full-year core profit outlook to be "at least stable" from a decline, which KBC says is conservative

** Brokerage raises its price target by 8% to EUR 27.0, pointing to an attractive 2025 free cash flow yield of 6.7% on its revised model

** Out of 16 analysts that cover JDE Peets, four rate the stock "strong buy" or "buy", ​nine rate "hold" and three rate the stock "strong sell" or "sell" - LSEG data

 (Reporting by Leo Marchandon)

 ((Leo.marchandon@thomsonreuters.com))