Jerónimo Martins, SGPS, S.A. (JRONY) To Go Ex-Dividend on May 16th

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONYGet Rating) announced a dividend on Saturday, May 14th, investing.com reports. Stockholders of record on Tuesday, May 17th will be given a dividend of 1.1838 per share on Thursday, June 2nd. This represents a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, May 16th.

Shares of JRONY opened at $40.58 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $12.77 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 1.72 and a beta of 0.75. The stock’s fifty day simple moving average is $44.36 and its 200 day simple moving average is $45.43. Jerónimo Martins, SGPS has a twelve month low of $36.60 and a twelve month high of $50.01.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Jerónimo Martins, SGPS from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays increased their target price on Jerónimo Martins, SGPS from €16.50 ($17.37) to €18.00 ($18.95) in a research report on Wednesday, January 19th. Berenberg Bank raised their price objective on Jerónimo Martins, SGPS from €18.30 ($19.26) to €19.20 ($20.21) and gave the company a “hold” rating in a research report on Tuesday, April 19th. Morgan Stanley raised their price objective on Jerónimo Martins, SGPS from €18.00 ($18.95) to €18.10 ($19.05) in a research report on Friday, March 11th. Finally, Exane BNP Paribas lowered Jerónimo Martins, SGPS from a “neutral” rating to an “underperform” rating in a research report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.46.

About Jerónimo Martins, SGPS (Get Rating)

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates 3,250 food stores under the Biedronka name; and a chain of 290 health and beauty stores under the Hebe banner in Poland, as well as 819 food stores under the Ara name in Colombia.

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