B&M European Value Retail SA (BME) Earns “Buy” Rating from Numis Securities Ltd
Numis Securities Ltd reiterated their buy rating on shares of B&M European Value Retail SA (LON:BME) in a research report sent to investors on Tuesday morning. Numis Securities Ltd currently has a GBX 350 ($4.37) target price on the stock.
Other equities research analysts have also issued reports about the company. Liberum Capital lifted their price target on B&M European Value Retail SA from GBX 300 ($3.75) to GBX 330 ($4.12) and gave the company a buy rating in a research report on Thursday, August 18th. Royal Bank Of Canada restated an underperform rating and set a GBX 240 ($3.00) price target on shares of B&M European Value Retail SA in a research report on Monday, July 18th. Morgan Stanley upgraded B&M European Value Retail SA to an overweight rating and lifted their price target for the company from GBX 270 ($3.37) to GBX 315 ($3.94) in a research report on Wednesday, August 10th. Investec restated a buy rating and set a GBX 345 ($4.31) price target on shares of B&M European Value Retail SA in a research report on Tuesday, November 1st. Finally, Peel Hunt restated a buy rating and set a GBX 440 ($5.50) price target on shares of B&M European Value Retail SA in a research report on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 317.60 ($3.97).
Shares of B&M European Value Retail SA (LON:BME) opened at 258.00 on Tuesday. B&M European Value Retail SA has a 12 month low of GBX 218.40 and a 12 month high of GBX 323.70. The stock’s market capitalization is GBX 2.58 billion. The stock’s 50 day moving average price is GBX 242.14 and its 200 day moving average price is GBX 263.95.
The firm also recently declared a dividend, which will be paid on Friday, December 23rd. Stockholders of record on Thursday, November 24th will be issued a dividend of GBX 1.90 ($0.02) per share. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 24th.
B&M European Value Retail SA Company Profile
B&M European Value Retail SA is a United Kingdom-based holding company of the Group. The Company is engaged in variety retailing in the United Kingdom and Germany. It operates in two segments: the UK retail segment, including grocery retailers and general merchandise retailers, and the German retail segment.
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