Start of Coverage: 14-10-2011
Jeronimo Martins should benefit from fiscal stimulus as well (our EBITDA estimates in 2019/20 higher by 4%/5% vs consensus), being focused on enhancing the quality of its network rather than dynamic expansion in Poland. Having in mind cautious approach towards reaching BEP by new ventures, we recommend Jeronimo Martins as Accumulate with target price of EUR 15.6.
Analyst: Konrad Grygo
e-mail: konrad.grygo@erstegroup.com
| Analyst | Price target | Recommendation | Date |
| 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.
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