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JB Capital

Start of Coverage: 07-06-2018

Resume of the last report made by this analyst

We increase our valuation by 4% to €25.2/share following Biedronka’s stronger-than expected 1Q.
As for other banners, we maintain our valuation broadly unchanged for Ara and Pingo Doce but increase it for Recheio. Overall, we raise our 2023-24e Group EBITDA by 2% and net income by 5%.

Analyst: João Pinto

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.