Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $39.85 and traded as high as $41.75. Jeronimo Martins SGPS shares last traded at $41.28, with a volume of 42,895 shares trading hands.
Analyst Upgrades and Downgrades
JRONY has been the topic of a number of research reports. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. Barclays reaffirmed an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada initiated coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. Finally, Zacks Research upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Get Our Latest Report on JRONY
Jeronimo Martins SGPS Stock Down 2.3%
The stock has a market capitalization of $12.99 billion, a P/E ratio of 17.57, a PEG ratio of 1.69 and a beta of 0.79. The stock has a 50 day moving average price of $39.85 and a 200-day moving average price of $43.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.
Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12. The company had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. As a group, research analysts expect that Jeronimo Martins SGPS SA will post 2.69 EPS for the current fiscal year.
Jeronimo Martins SGPS Company Profile
Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.
In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.
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