Start of Coverage: 23-04-2019
Regarding valuation, the major change comes from the valuation of Biedronka (+4%), while also decreasing the valuation of Pingo Doce (-7%) and of Recheio (-22%). The rationale behind this decision is mainly related with resilience of the Polish operation when compared with the Portuguese one, also explained by the fact that Biedronka is leader in terms of market share and price. We believe that Biedronka is better prepared to face the current restrictions in terms of circulation and access to stores.
Analyst: Artur Amaro
e-mail: artur.amaro@caixabi.pt
| Analyst | Price target | Recommendation | Date |
| Artur Amaro | 17.50 € | Accumulate | 24 Jun 2020 |
| Artur Amaro | 16.80 € | Accumulate | 19 Nov 2019 |
| Artur Amaro | 15.60 € | Accumulate | 23 Apr 2019 |
| Helena Barbosa | under revision | under revision | 25 Apr 2018 |
| Helena Barbosa | 16.70 € | Neutral | 12 Jan 2018 |
| André Rodrigues | 16.70 € | Neutral | 3 Oct 2017 |
| André Rodrigues | 16.00 € | Neutral | 6 Mar 2017 |
| André Rodrigues | 16.30 € | Accumulate | 21 Nov 2016 |
| André Rodrigues | 15.20 € | Accumulate | 3 Jun 2016 |
| André Rodrigues | 14.20 € | Buy | 5 Aug 2015 |
| André Rodrigues | 14.20 € | Neutral | 4 Aug 2015 |
| André Rodrigues | 12.50 € | Neutral | 27 Apr 2015 |
| André Rodrigues | 11.10 € | Buy | 22 Oct 2014 |
| André Rodrigues | 13.60 € | Buy | 11 Aug 2014 |
| André Rodrigues | 16.30 € | Buy | 26 Mar 2014 |
| André Rodrigues | 17.20 € | Buy | 17 Dec 2013 |
| André Rodrigues | 17.70 € | Accumulate | 28 Mar 2013 |
| Teresa Caldeira | 8.05 € | Hold | 12 Apr 2010 |
| Teresa Caldeira | 7.25 € | Hold | 11 Dec 2009 |
| João Fidalgo | 5.15 € | Buy | 10 Dec 2008 |
| João Fidalgo | 6.20 € | Buy | 21 Jul 2008 |
| João Fidalgo | 6.20 € | Accumulate | 7 Dec 2007 |
| João Fidalgo | 4.75 € | Accumulate | 4 Jul 2007 |
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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