Kepler Cheuvreux

Start of Coverage: 14-05-2013

Resume of the last report made by this analyst

We fine-tune our estimates, lifting our 2023-24E EBITDA by 5% per year, as we assume stronger LFL in Poland but also weaker margins. Our new estimates also assume higher capex (openings, remodelling, etc.) and some one-offs below EBIT, leaving our bottom-line estimates unchanged.
EUR19.4 TP is based on better numbers.

Analyst: Inigo Egusquiza

e-mail: iegusquiza@keplercheuvreux.com

Analyst	Price target	Recommendation	Date
Inigo Egusquiza	19.40 €	Reduce	29 Mar 2023
Inigo Egusquiza	18.70 €	Reduce	20 Oct 2022
Inigo Egusquiza	18.90 €	Reduce	15 Jul 2022
Inigo Egusquiza	18.20 €	Reduce	8 Apr 2022
Inigo Egusquiza	17.85 €	Reduce	18 Mar 2022
Inigo Egusquiza	19.25 €	Reduce	1 Feb 2022
Inigo Egusquiza	19.65 €	Reduce	17 Jan 2022
Inigo Egusquiza	15.35 €	Hold	30 Apr 2021
Inigo Egusquiza	13.75 €	Hold	9 Mar 2021
Inigo Egusquiza	15.00 €	Hold	14 Jan 2021
Inigo Egusquiza	15.25 €	Hold	19 Oct 2020
Inigo Egusquiza	15.40 €	Hold	15 Jul 2020
Inigo Egusquiza	15.10 €	Hold	28 May 2020
Inigo Egusquiza	16.10 €	Hold	17 Jan 2020
Inigo Egusquiza	14.90 €	Hold	25 Oct 2019
Inigo Egusquiza	14.85 €	Hold	21 Oct 2019
Inigo Egusquiza	14.35 €	Hold	29 Apr 2019
Inigo Egusquiza	13.20 €	Buy	18 Jan 2019
Inigo Egusquiza	10.80 €	Hold	1 Nov 2018
Inigo Egusquiza	11.15 €	Hold	11 Oct 2018
Inigo Egusquiza	12.00 €	Hold	4 Jul 2018
Inigo Egusquiza	14.40 €	Reduce	27 Apr 2018
Inigo Egusquiza	13.70 €	Reduce	23 Mar 2018
Inigo Egusquiza	15.00 €	Reduce	6 Feb 2018
Inigo Egusquiza	14.45 €	Reduce	28 Jul 2017
Inigo Egusquiza	13.35 €	Reduce	27 Feb 2017
Inigo Egusquiza	13.95 €	Reduce	16 Jan 2017
Inigo Egusquiza	14.00 €	Reduce	12 Dec 2016
Inigo Egusquiza	14.00 €	Hold	29 Jul 2016
Inigo Egusquiza	12.35 €	Hold	8 Jul 2016
Inigo Egusquiza	12.95 €	Hold	16 Mar 2016
Inigo Egusquiza	11.80 €	Hold	18 Jan 2016
Inigo Egusquiza	12.80 €	Reduce	9 Nov 2015
Inigo Egusquiza	11.80 €	Reduce	31 Jul 2015
Inigo Egusquiza	11.15 €	Reduce	30 Apr 2015
Inigo Egusquiza	9.25 €	Reduce	25 Mar 2015
Inigo Egusquiza	7.70 €	Reduce	31 Oct 2014
Inigo Egusquiza	9.50 €	Reduce	15 Sep 2014
Inigo Egusquiza	10.20 €	Reduce	30 Jul 2014
Inigo Egusquiza	11.00 €	Reduce	9 Jul 2014
Inigo Egusquiza	12.85 €	Reduce	27 Feb 2014
Inigo Egusquiza	14.10 €	Reduce	10 Jan 2014
Inigo Egusquiza	14.25 €	Reduce	1 Nov 2013
Inigo Egusquiza	14.75 €	Reduce	1 Aug 2013
Inigo Egusquiza	15.50 €	Reduce	14 May 2013

Reference History

Download data in excel

xlsx

8,72 KB

Reference History

Download data in excel

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.