Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Up – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares gapped up prior to trading on Monday . The stock had previously closed at $49.48, but opened at $51.7350. Jeronimo Martins SGPS shares last traded at $51.85, with a volume of 1,538 shares.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

The firm has a 50 day moving average of $48.28 and a 200-day moving average of $48.72. The company has a market cap of $16.36 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.28 and a beta of 0.91. The company has a current ratio of 0.58, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13.

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.