AlphaValue Reiterates “Reduce” Rating for Jeronimo Martins SGPS SA (JMT)

Jeronimo Martins SGPS SA (ELI: JMT)‘s stock had its “reduce” rating restated by AlphaValue in a research note issued on Thursday, StockRatingsNetwork reports. They currently have a €16.90 ($21.95) target price on the stock.

Jeronimo Martins SGPS SA (ELI: JMT) traded up 2.56% on Thursday, hitting €16.41. Jeronimo Martins SGPS SA has a 52-week low of €11.255 and a 52-week high of €18.56. The stock’s 50-day moving average is currently €0..

Separately, analysts at Erste Group reiterated an “accumulate” rating on shares of Jeronimo Martins SGPS SA in a research note to investors on Wednesday, June 5th. They now have a €18.00 ($23.38) price target on the stock.

Jeronimo Martins SGPS SA is a Portugal-based company principally engaged in the food retail sector. The Company’s business is structured in three segments: Distribution, Manufacturing and Services.

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