Brokerages Set $27.80 Target Price for Jeronimo Martins SGPS SA – (JRONY)
Jeronimo Martins SGPS SA – (NASDAQ:JRONY) has received an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating and one has issued a strong buy rating on the company.
Brokers have set a 1 year consensus target price of $27.80 for the company and are anticipating that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also assigned Jeronimo Martins SGPS SA – an industry rank of 167 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Jeronimo Martins SGPS SA – from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, July 7th.
Shares of Jeronimo Martins SGPS SA – (JRONY) traded up 2.11% during trading on Friday, hitting $40.16. The stock had a trading volume of 153 shares. Jeronimo Martins SGPS SA – has a one year low of $29.94 and a one year high of $41.34. The firm has a market cap of $12.62 billion and a P/E ratio of 18.14. The firm’s 50-day moving average is $39.75 and its 200-day moving average is $37.40.
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Jeronimo Martins SGPS SA – Company Profile
Jeronimo Martins SGPS SA is a Portugal-based company engaged in the food retail sector. The Company’s activities are divided into three business segments: Portugal Retail, which comprises operation of Pingo Doce supermarkets; Portugal Cash & Carry, which includes the wholesale business unit Recheio, and Poland Retail, which operates a network of supermarkets under the Biedronka brand name.
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