Skip to content
  • Share
  • Listen

Santander

Start of Coverage: 05-05-2004

Resume of the last report made by this analyst

We lower our 2018 and 2019 forecasts by 4%, principally reflecting a flat Polish EBITDA margin assumption for FY18E, a 2% lower fx tailwind as well as a higher tax charge and, consequently, we lower our DCF/peer comparison-derived target price by 4% to €17.25.

Analyst: Tim Attenborough

e-mailtattenborough@gruposantander.com

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.