Start of Coverage: 14-05-2003
We adjust our estimates to the higher expected inflation with stronger LFL sales growth and lower margin. Our PT remains unchanged as the positive effect of higher top line growth (more net store additions and higher LFL sales assumptions) was offset by the lower assumed margin and higher discount rate.
Analyst: Michal Potyra
e-mail: michal.potyra@ubs.com
| Analyst | Price target | Recommendation | Date |
| Michal Potyra | 20.00 € | Neutral | 21 Mar 2022 |
| Michal Potyra | 20.00 € | Neutral | 9 Dec 2021 |
| Michal Potyra | 12.00 € | Sell | 2 Feb 2021 |
| Michal Potyra | 15.50 € | Neutral | 14 Dec 2020 |
| Michal Potyra | 16.00 € | Neutral | 15 Jan 2020 |
| Michal Potyra | 15.50 € | Neutral | 27 Nov 2019 |
| Michal Potyra | 16.00 € | Buy | 16 May 2019 |
| Michal Potyra | 15.00 € | Buy | 29 Oct 2018 |
| Michal Potyra | 16.50 € | Buy | 18 Jul 2018 |
| Michal Potyra | 18.00 € | Buy | 6 Jul 2018 |
| Michal Potyra | 19.50 € | Buy | 14 Jul 2017 |
| Michal Potyra | 17.00 € | Buy | 22 Nov 2016 |
| Michal Potyra | 16.00 € | Buy | 18 May 2016 |
| Michal Potyra | 13.00 € | Neutral | 6 Nov 2015 |
| Michal Potyra | 12.00 € | Neutral | 10 Apr 2015 |
| Michal Potyra | 9.00 € | Neutral | 9 Dec 2014 |
| Michal Potyra | 15.30 € | Buy | 4 Jul 2014 |
| Michal Potyra | 16.30 € | Buy | 17 Jan 2014 |
| Michal Potyra | 19.00 € | Buy | 12 Jul 2013 |
| Michal Potyra | 16.50 € | Neutral | 11 Apr 2013 |
| Ignacio Carvajal | 11.40 € | Neutral | 26 Oct 2012 |
| Ignacio Carvajal | 11.50 € | Neutral | 26 Jul 2012 |
| Ignacio Carvajal | 13.10 € | Neutral | 25 Apr 2012 |
| Ignacio Carvajal | 12.90 € | Neutral | 16 Jan 2012 |
| Ignacio Carvajal | 13.50 € | Neutral | 7 Nov 2011 |
| Ignacio Carvajal | 11.90 € | Sell | 28 Oct 2011 |
| Ignacio Carvajal | 9.80 € | Sell | 19 Feb 2011 |
| Ignacio Carvajal | 9.30 € | Sell | 11 Oct 2010 |
| Ignacio Carvajal | 8.60 € | Neutral | 29 Jul 2010 |
| Ignacio Carvajal | 7.50 € | Neutral | 19 Mar 2010 |
| Ignacio Carvajal | 7.20 € | Neutral | 10 Mar 2010 |
| Ignacio Carvajal | 6.40 € | Neutral | 9 Feb 2010 |
| Ignacio Carvajal | 6.70 € | Neutral | 25 Jan 2010 |
| Ignacio Carvajal | 6.60 € | Neutral | 18 Dec 2009 |
| Ignacio Carvajal | 6.30 € | Neutral | 20 Oct 2009 |
| Ignacio Carvajal | 5.90 € | Buy | 2 Sep 2009 |
| Ignacio Carvajal | 5.40 € | Buy | 30 Jun 2009 |
| Ignacio Carvajal | 5.60 € | Buy | 18 Jun 2009 |
| Pedro Baptista | 4.70 € | Buy | 14 Nov 2008 |
| Pedro Baptista | 6.00 € | Neutral | 1 Aug 2008 |
| Pedro Baptista | 5.60 € | Neutral | 14 Dec 2007 |
| Pedro Baptista | 5.40 € | Buy | 19 Oct 2007 |
| Pedro Baptista | 4.50 € | Neutral | 30 May 2007 |
| Pedro Baptista | 4.10 € | Neutral | 24 Jan 2007 |
| Pedro Baptista | 3.70 € | Buy | 22 Nov 2006 |
| Pedro Baptista | 3.40 € | Buy | 8 Apr 2006 |
| Pedro Baptista | 3.20 € | Buy | 22 Feb 2006 |
| Pedro Baptista | 3.06 € | Buy | 11 Nov 2005 |
| Pedro Baptista | 2.80 € | Buy | 6 Apr 2005 |
| Pedro Baptista | 2.64 € | Buy | 22 Mar 2005 |
| Frederico Ataide | 2.50 € | Buy | 16 Feb 2005 |
| Frederico Ataide | 2.28 € | Buy | 2 Jul 2004 |
| Frederico Ataide | 2.08 € | Buy | 11 Jun 2004 |
| Frederico Ataide | 2.36 € | Buy | 9 Jun 2004 |
| Frederico Ataide | 2.08 € | Buy | 18 Nov 2003 |
| Frederico Ataide | 1.33 € | Neutral | 14 May 2003 |
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.