Jeronimo Martins SGPS (JRONY) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Jeronimo Martins SGPS (OTCMKTS:JRONY) from a hold rating to a buy rating in a research note published on Saturday morning. They currently have $47.00 target price on the stock.

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) remained flat at $$42.12 during mid-day trading on Friday. 31 shares of the stock traded hands, compared to its average volume of 107. Jeronimo Martins SGPS has a 1 year low of $32.47 and a 1 year high of $42.14. The stock has a market cap of $13,331.59, a PE ratio of 20.35, a PEG ratio of 3.41 and a beta of 0.87. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 0.11.

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About Jeronimo Martins SGPS

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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