Skip to content
  • Share
  • Listen

Ipopema

Start of Coverage: 02-07-2019

Resume of the last report made by this analyst

We initiate coverage of Jeronimo Martins with a Buy rating and FV of EUR 16.61. Jeronimo Martins’ performance has been outstanding, with the stock gaining 41.1% since the start of 2019, beating the PSI 20 index which has risen only 9.4% YTD. The uptick was driven primarily by strong macro fundamentals in Poland, which continue to support Polish consumers, as well as solid results in Portugal for FY 2018.

Analyst: Krzysztof Kawa

e-mailkrzysztof.kawa@ipopema.pl

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.