Start of Coverage: 04-02-2008
We maintain a historical 30% PER premium relative to the EU Food Retail sector to derive our target price but note that a period of slower growth may see this multiple contract.
Based on 19x our FY19 EPS estimate of €0.69 (previously €0.79), we revise our target price to €13.
Analyst: Nick Coulter
e-mail: nick.coulter@citi.com
| Analyst | Price target | Recommendation | Date |
| Nick Coulter | 13.00 € | Neutral | 2/Jul/18 |
| Nick Coulter | 15.00 € | Neutral | 11/Jun/18 |
| Nick Coulter | 16.80 € | Neutral | 21/Oct/16 |
| Pradeep Pratti | 14.50 € | Buy | 17/Apr/15 |
| Pradeep Pratti | 11.00 € | Neutral | 25/Feb/15 |
| Pradeep Pratti | 8.50 € | Neutral | 6/Jan/15 |
| Pradeep Pratti | 8.80 € | Neutral | 30/Oct/14 |
| Pradeep Pratti | 12.00 € | Neutral | 30/Jul/14 |
| Pradeep Pratti | 12.80 € | Neutral | 10/Jul/14 |
| Pradeep Pratti | 13.50 € | Neutral | 1/May/14 |
| Alastair Johnston | 15.00 € | Buy | 26/Feb/14 |
| Alastair Johnston | 16.15 € | Buy | 13/Jan/14 |
| Alastair Johnston | 17.00 € | Buy | 1/Aug/13 |
| Alastair Johnston | 20.00 € | Buy | 24/Jun/13 |
| Alastair Johnston | 21.00 € | Buy | 25/Apr/13 |
| Alastair Johnston | 18.20 € | Buy | 5/Apr/13 |
| Alastair Johnston | 15.30 € | Buy | 26/Oct/12 |
| Alastair Johnston | 14.20 € | Buy | 23/Sep/11 |
| Alastair Johnston | 14.80 € | Buy | 19/Sep/11 |
| Alastair Johnston | 16.00 € | Buy | 12/Jul/11 |
| Alastair Johnston | 13.70 € | Buy | 11/Jan/11 |
| Alastair Johnston | 12.50 € | Buy | 28/Oct/10 |
| Alastair Johnston | 10.50 € | Buy | 23/Sep/10 |
| Alastair Johnston | 9.00 € | Buy | 3/Mar/10 |
| Alastair Johnston | 8.00 € | Buy | 5/Jan/10 |
| Jerome Samuel | 5.10 € | Buy | 5/Mar/09 |
| Jerome Samuel | 6.10 € | Buy | 14/Jan/09 |
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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