Skip to content
  • Share
  • Listen

Berenberg

Start of Coverage: 11-06-2019

Resume of the last report made by this analyst

Jerónimo Martins delivered Q3 sales and EBITDA ahead of estimates, driven by a stronger-than-expected performance at its Biedronka and Ara businesses, the latter achieving breakeven profitability for the first time.
We roll-forward our valuation, increasing our price target to EUR18.30 (from EUR16.70), but we maintain our Hold rating.

Analyst: Thomas Davis

e-mail: thomas.davies@berenberg.com

The information presented refers to recommendations issued by analysts that follow the Jerónimo Martins’ share. For more information, please read the Analysts Coverage section in this website’s Terms and Conditions.