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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


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.