Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Strong Trading Volume – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares saw unusually-high trading volume on Friday . Approximately 41,072 shares changed hands during mid-day trading, an increase of 87% from the previous session’s volume of 21,995 shares.The stock last traded at $37.33 and had previously closed at $37.67.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research report on Monday. They set a “moderate buy” rating for the company. Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Down 0.9%

The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average is $41.60 and its two-hundred day moving average is $46.25.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. Equities analysts anticipate that Jeronimo Martins SGPS SA will post 2.78 EPS for the current year.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.