Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $39.85 and traded as high as $41.75. Jeronimo Martins SGPS shares last traded at $41.28, with a volume of 42,895 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Royal Bank Of Canada assumed coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Zacks Research upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Jeronimo Martins SGPS Price Performance

The company has a 50 day moving average price of $39.91 and a 200 day moving average price of $43.61. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.65 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.12. The business had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. As a group, equities research analysts forecast that Jeronimo Martins SGPS SA will post 2.69 earnings per share for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.

In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.