Zacks: Analysts Set $27.80 Target Price for Jeronimo Martins SGPS SA – (JRONY)

Shares of Jeronimo Martins SGPS SA – (NASDAQ:JRONY) have earned a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 12-month consensus price objective of $27.80 for the company and are forecasting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Jeronimo Martins SGPS SA – an industry rank of 118 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Jeronimo Martins SGPS SA – from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, July 7th.

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Jeronimo Martins SGPS SA – (JRONY) traded down 1.422% on Friday, reaching $39.589. 246 shares of the company’s stock traded hands. The company’s 50 day moving average is $39.70 and its 200-day moving average is $37.47. The stock has a market cap of $12.44 billion and a price-to-earnings ratio of 17.881. Jeronimo Martins SGPS SA – has a 52-week low of $29.94 and a 52-week high of $41.34.

About Jeronimo Martins SGPS SA –

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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