Skip to content
  • Share
  • Listen

Pekao Investment Banking

Start of Coverage: 11-06-2019

Resume of the last report made by this analyst

We are initiating coverage on Jeronimo Martins with a Buy recommendation and a 12M target price of EUR 16.5, which implies sound prospective 15% upside potential. We forecast 3Y EBITDA CAGR of 8%, driven primarily by sound  earnings growth in Biedronka and a reduction of start-up losses in Ara & Hebe.

Analyst: Maria Mickiewicz

e-mail: maria.mickiewicz@pekaoib.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.