Start of Coverage: 14-10-2011
We downgrade our recommendation on Jerónimo Martins from Accumulate to Hold and lower the target price from EUR 27 per share to EUR 23.5 per share, which implies 4% upside.
The balance of pros and cons leans more to the negative side. We do not expect any major improvement in the near term. In such an environment, we recommend to Hold to Jerónimo Martins.
Analyst: Krzysztof Kawa
e-mail: krzysztof.kawa@erstegroup.com
| Analyst | Price target | Recommendation | Date |
| Krzysztof Kawa | 23.50 € | Hold | 13 Feb 2024 |
| Krzysztof Kawa | 27.00 € | Accumulate | 7 Jun 2023 |
| Krzysztof Kawa | 26.50 € | Accumulate | 16 Aug 2022 |
| Krzysztof Kawa | 22.50 € | Accumulate | 28 Oct 2021 |
| Krzysztof Kawa | 15.85 € | Accumulate | 5 Oct 2021 |
| Konrad Grygo | 15.85 € | Accumulate | 18 Nov 2020 |
| Konrad Grygo | 16.70 € | Accumulate | 19 Dec 2019 |
| Konrad Grygo | 15.60 € | Accumulate | 6 Mar 2019 |
| Konrad Grygo | Under revision | Under revision | 25 Oct 2018 |
| Tomasz Duda | Under revision | Under revision | 6 Jun 2018 |
| Marek Czachor | 19.00 € | Accumulate | 24 Nov 2017 |
| Marek Czachor | 20.00 € | Accumulate | 1 Jun 2017 |
| Marek Czachor | 15.00 € | Hold | 18 Nov 2016 |
| Marek Czachor | 13.00 € | Reduce | 15 Jun 2016 |
| Marek Czachor | 10.00 € | Sell | 15 Jan 2016 |
| Marek Czachor | 11.00 € | Sell | 25 Jun 2015 |
| Marek Czachor | 8.50 € | Accumulate | 16 Dec 2014 |
| Marek Czachor | 9.00 € | Sell | 4 Sep 2014 |
| Marek Czachor | 10.50 € | Sell | 5 Mar 2014 |
| Marek Czachor | 17.00 € | Accumulate | 13 Dec 2013 |
| Marek Czachor | 18.00 € | Accumulate | 5 Jun 2013 |
| Marek Czachor | 16.00 € | Accumulate | 26 Nov 2012 |
| Marek Czachor | 16.00 € | Hold | 27 Apr 2012 |
| Marek Czachor | 16.00 € | Buy | 14 Oct 2011 |
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.