Jeronimo Martins SGPS (OTCMKTS:JRONY) Lifted to Buy at Zacks Investment Research

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, January 5th. The firm presently has a $46.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 6.95% 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) traded down $0.40 during midday trading on Friday, hitting $43.01. The company’s stock had a trading volume of 100 shares, compared to its average volume of 333. The company has a market capitalization of $13,532.97, a PE ratio of 32.58, a P/E/G ratio of 3.46 and a beta of 0.87. Jeronimo Martins SGPS has a 52 week low of $32.47 and a 52 week high of $43.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.45 and a quick ratio of 0.24.

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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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