Jeronimo Martins: Invest Securities raises target price.
(CercleFinance.com) - This Friday Invest Securities has raised its target price for the Jeronimo Martins stock from 13.
7 euros to 14.8 euros.
"Interim publications are now focusing investors' attention - not on what is going very well - such as Poland's Biedronka and Recheio and Pingo Doce in Portugal, which is starting a new growth cycle, but rather on the losses of the Colombian entity Ara, as well as Hebe, whose status as a start-up is raising an increasing number of questions," the broker said.
The broker believes that, it is "logical for the group to overinvest in these growth drivers, while its core businesses are giving it a broader scope in terms of funding, although naturally this does not help it to validate returns on investments - which remain very hypothetical at this stage - as does their imputation over time".
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 euros to 14.8 euros.
"Interim publications are now focusing investors' attention - not on what is going very well - such as Poland's Biedronka and Recheio and Pingo Doce in Portugal, which is starting a new growth cycle, but rather on the losses of the Colombian entity Ara, as well as Hebe, whose status as a start-up is raising an increasing number of questions," the broker said.
The broker believes that, it is "logical for the group to overinvest in these growth drivers, while its core businesses are giving it a broader scope in terms of funding, although naturally this does not help it to validate returns on investments - which remain very hypothetical at this stage - as does their imputation over time".
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.