Start of Coverage: 02-07-2019
We keep our positive approach towards Jeronimo Martins and increase our FV from EUR 22.06ps. to EUR 28.23ps, taking into consideration our current forecasts (we have upgraded EBITDA IFRS 16 by +5% and +5% in 2023E and 2024E in comparison with our previous recommendation, respectively) and WACC assumptions.
Analyst: Adrian Górniak
e-mail: adrian.gorniak@ipopema.pl
| Analyst | Price target | Recommendation | Date |
| Adrian Górniak | 28.23 € | Buy | 22 Jun 2023 |
| Adrian Górniak | 22.06 € | Buy | 27 Feb 2023 |
| Adrian Górniak | 18.90 € | Hold | 4 Jul 2022 |
| Adrian Górniak | 23.00 € | Buy | 10 Jan 2022 |
| Krzysztof Kawa | 17.50 € | Hold | 26 Jul 2021 |
| Krzysztof Kawa | 18.00 € | Buy | 8 Dec 2020 |
| Krzysztof Kawa | 20.50 € | Buy | 25 Feb 2020 |
| Krzysztof Kawa | 16.70 € | Buy | 10 Dec 2019 |
| Krzysztof Kawa | 16.61 € | Buy | 2 Jul 2019 |
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.