Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $42.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 9.52% from the stock’s previous close.
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. “
Jeronimo Martins SGPS (OTCMKTS JRONY) opened at $38.35 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.20 and a current ratio of 0.42. Jeronimo Martins SGPS has a one year low of $29.94 and a one year high of $41.34. The stock has a market cap of $11,868.49, a P/E ratio of 18.53, a PEG ratio of 3.31 and a beta of 0.86.
TRADEMARK VIOLATION WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/27/jeronimo-martins-sgps-jrony-lifted-to-buy-at-zacks-investment-research.html.
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.
What are top analysts saying about Jeronimo Martins SGPS? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Jeronimo Martins SGPS and related companies.