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Brokers Forecast Jerónimo Martins, SGPS, S.A. Earnings in FY2022 (OTCMKTS:JRONY)

Brokers Forecast Jerónimo Martins, SGPS, S.A. Earnings in FY2022 (OTCMKTS:JRONY)

Jerónimo Martins is the sole business owner under the name SGPS, S.A. The stock analysts working for Jefferies Financial Group raised their projections for Jerónimo Martins’ and SGPS’ earnings per share for the fiscal year 2022 in a research report published on Tuesday, January 3. In addition, after analyzing the company’s recent performance, the analyst at Jefferies Financial Group, J. Grzinic, increased his previous forecast of the company’s profits per share from $2.21 to $2.41. According to the general agreement among financial market analysts, the most recent profit projection for Jerónimo MartinsJefferies Financial Group raised their projections for Jerónimo Martins’ and SGPS’ earnings per share for the fiscal year 2022 in a research report that was published on Tuesday, January 3. After analyzing the company’s recent performance, the analyst at Jefferies Financial Group, J. Grzinic, increased his previous forecast of the company’s profits per share from $2.21 to $2.41. According to the general agreement among financial market analysts, the most recent profit projection for Jerónimo Martins (SGPS is $2.05 per share. In addition, the Jefferies Financial Group predicted that Jerónimo Martins’s SGPS earnings for the fourth quarter of 2022 would be $0.72 per share, $2.28 per share for the fiscal year 2023, and $2.49 per share for the fiscal year 2024. These figures are a percentage of the company’s total outstanding shares.
OTCMKTS: JRONY began trading at $44.06 on Friday. The one-year low for Jerónimo Martins, SGPS, can be found at the current price of $35.06, and the one-year high can be found at the current price of $50.01. The stock price has reached $43.08, which corresponds to its 50-day simple moving average, and $42.97, which corresponds to its 200-day simple moving average.
Recently, we have seen an increase in other equity analysts who have mentioned the company in their conversations. JPMorgan Chase & Co. raised the target price they had established for Jerónimo Martins, SGPS, in a research note that was made public on Wednesday. The new price is €24.80 ($26.38), an increase from the previous price of €24.10 ($25.64). In addition, they assigned the business a rating of “neutral.” Morgan Stanley announced on November 18, in a report made available to the general public, that they will provide coverage for Jerónimo Martins, SGPS. After conducting their analysis, the analysts determined that the stock should be given an “equal weight” rating. The stock has been recommended five holds, one buy rating, one sell rating, and four holds among investment analysts. The consensus recommendation is to hold the stock. The information from Bloomberg indicates that the stock has been rated “Hold,” and its price objective has been established at $20.42.
In addition to its operations in Portugal, the food distribution and specialty retail company Jerónimo Martins, SGPS, S.A., has branches in Colombia and Poland. In addition to eliminations and adjustments, the company can be broken down into the following segments: Poland retail, Colombia retail, Portugal retail, and Portugal cash and carry. Additionally, one of the company’s segments comprises the Polish retail market. It runs 3,250 supermarkets in Poland under the name Biedronka, 819 convenience stores and grocery stores in Colombia under the name Ara, and 290 health and beauty stores in Colombia under the name Hebe.

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