Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) Given Average Rating of “Hold” by Brokerages

Shares of Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY – Get Rating) have been given an average recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $18.70.

Several analysts recently commented on JRONY shares. Morgan Stanley increased their target price on shares of Jerónimo Martins, SGPS from €18.00 ($19.57) to €18.10 ($19.67) in a research note on Friday, March 11th. Barclays increased their target price on shares of Jerónimo Martins, SGPS from €16.50 ($17.93) to €18.00 ($19.57) in a research note on Wednesday, January 19th. Sanford C. Bernstein raised shares of Jerónimo Martins, SGPS from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 11th. Finally, Zacks Investment Research lowered shares of Jerónimo Martins, SGPS from a “hold” rating to a “sell” rating in a research note on Tuesday, March 8th.

Shares of OTCMKTS:JRONY opened at $44.16 on Friday. Jerónimo Martins, SGPS has a twelve month low of $34.09 and a twelve month high of $50.01. The firm has a market cap of $13.89 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.10 and a beta of 0.69. The company has a 50 day moving average of $44.99 and a 200-day moving average of $45.44.

About Jerónimo Martins, SGPS (Get Rating)

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates 3,250 food stores under the Biedronka name; and a chain of 290 health and beauty stores under the Hebe banner in Poland, as well as 819 food stores under the Ara name in Colombia.

See Also