According to Zacks, “Jeronimo Martins SGPS SA is engaged in the distribution and production of food items and fast moving consumer goods through its retail and wholesale operations in Portugal and Poland. The Company carries its operations through its distribution, manufacturing and service segments. It operates mini-hyper and hypermarkets, supermarkets and cash and carry outlets, food service platforms and also manufactures margarines, soups, savory products, ice tea and cooking oils. The Company also represents and caterers products ranging from cosmetics to chocolates, ice-creams and confectionaries. It is also engaged in the development of a chain of coffee kiosks and restaurants. Jeronimo Martins SGPS SA is headquartered in Lisbon, Portugal. “
Several other analysts also recently commented on the company. Barclays raised their target price on Jerónimo Martins, SGPS from €16.50 ($17.37) to €18.00 ($18.95) in a research note on Wednesday, January 19th. Morgan Stanley raised their target price on Jerónimo Martins, SGPS from €18.00 ($18.95) to €18.10 ($19.05) in a research note on Friday, March 11th. Exane BNP Paribas downgraded Jerónimo Martins, SGPS from a “neutral” rating to an “underperform” rating in a research note on Friday, April 22nd. Finally, Berenberg Bank raised their target price on Jerónimo Martins, SGPS from €18.30 ($19.26) to €19.20 ($20.21) and gave the company a “hold” rating in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.46.
Jerónimo Martins, SGPS Company Profile (Get Rating)
JerÃ³nimo 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.
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