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CaixaBank BPI

Start of Coverage: 14-01-2000

Resume of the last report made by this analyst

Investors have been favoring JM against a backdrop of macro uncertainty, also bearing in mind its best in class profile. This has led to a YTD outperformance (+1% vs. -6% for the Estoxx Retail). JM trades at 23x PE21, which we deem fair at this point (19.5x, excluding for losses in Colombia/Hebe).

Analyst: José Rito

e-mailjose.manuel.rito@caixabank.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.