Start of Coverage: 04-08-2009
We are upgrading Jeronimo Martins from Underperform to Buy with an increased price objective of €18 (vs €10.7 previously). The resilient results in 2019 and the improving visibility on Colombia are the reasons behind our change of view. In the current environment we would also favour the company that have been consistent in their strategy and able to provide strong cash flow generation and balance sheet.
Analyst: Xavier Le Mené
e-mail: xavier.le_mene@bofa.com
| Analyst | Price target | Recommendation | Date |
| Xavier Le Mené | 18.00 € | Buy | 24 Mar 2020 |
| Xavier Le Mené | 10.70 € | Underperform | 6 Jan 2020 |
| Xavier Le Mené | 9.50 € | Underperform | 9 Oct 2019 |
| Kiranjot Grewal | 9.50 € | Underperform | 2 Nov 2018 |
| Kiranjot Grewal | 13.50 € | Underperform | 12 Mar 2018 |
| Kiranjot Grewal | 13.00 € | Underperform | 21 Apr 2016 |
| Kiranjot Grewal | 13.50 € | Neutral | 3 Mar 2016 |
| Kiranjot Grewal | 13.00 € | Neutral | 8 Sep 2015 |
| Xavier Le Mené | 10.00 € | Underperform | 17 Apr 2015 |
| Sherri Malek | 9.00 € | Underperform | 24 Feb 2015 |
| Sherri Malek | 7.00 € | Underperform | 30 Oct 2014 |
| Sherri Malek | 7.50 € | Underperform | 22 Oct 2014 |
| Sherri Malek | 10.00 € | Underperform | 30 Jul 2014 |
| Sherri Malek | 11.00 € | Underperform | 14 Apr 2014 |
| Sherri Malek | 11.50 € | Underperform | 26 Feb 2014 |
| Sherri Malek | 13.00 € | Underperform | 10 Oct 2013 |
| Sherri Malek | 14.30 € | Underperform | 12 Aug 2013 |
| Sherri Malek | 14.80 € | Underperform | 29 Jul 2013 |
| Sherri Malek | 15.20 € | Underperform | 28 May 2013 |
| Sherri Malek | 14.20 € | Underperform | 10 Jan 2013 |
| Andrew Gwynn | 15.70 € | Buy | 29 Feb 2012 |
| Andrew Gwynn | 14.60 € | Buy | 3 Jan 2012 |
| Andrew Gwynn | 14.90 € | Buy | 27 Oct 2011 |
| Andrew Gwynn | 15.20 € | Buy | 14 Oct 2011 |
| Andrew Gwynn | 15.30 € | Buy | 27 Jul 2011 |
| Andrew Gwynn | 14.90 € | Buy | 6 Jun 2011 |
| Andrew Gwynn | 13.10 € | Buy | 4 May 2011 |
| Andrew Gwynn | 12.90 € | Buy | 3 May 2011 |
| Andrew Gwynn | 11.10 € | Underperform | 12 Jan 2011 |
| Andrew Gwynn | 10.60 € | Underperform | 29 Oct 2010 |
| Andrew Gwynn | 8.50 € | Underperform | 19 Oct 2010 |
| Andrew Gwynn | 8.05 € | Underperform | 28 Jul 2010 |
| Andrew Gwynn | 7.80 € | Underperform | 2 Jul 2010 |
| Andrew Gwynn | 7.95 € | Neutral | 29 Apr 2010 |
| Andrew Gwynn | 7.45 € | Underperform | 15 Jan 2010 |
| Andrew Gwynn | 7.55 € | Neutral | 5 Jan 2010 |
| Andrew Gwynn | 6.90 € | Neutral | 11 Nov 2009 |
| Andrew Gwynn | 6.70 € | Neutral | 29 Oct 2009 |
| Andrew Gwynn | 6.60 € | Neutral | 23 Sep 2009 |
| Andrew Gwynn | 6.10 € | Buy | 4 Aug 2009 |
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.
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