B&M European Value Retail SA (BME) Stock Rating Reaffirmed by Deutsche Bank AG
B&M European Value Retail SA (LON:BME)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank AG in a report released on Wednesday. They presently have a GBX 300 ($3.75) target price on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 17.05% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Numis Securities Ltd reissued a “buy” rating and set a GBX 350 ($4.37) target price on shares of B&M European Value Retail SA in a research note on Tuesday. Liberum Capital boosted their target price on B&M European Value Retail SA from GBX 300 ($3.75) to GBX 330 ($4.12) and gave the stock a “buy” rating in a research note on Thursday, August 18th. Investec reaffirmed a “buy” rating and issued a GBX 345 ($4.31) price objective on shares of B&M European Value Retail SA in a research note on Tuesday, November 1st. Morgan Stanley raised B&M European Value Retail SA to an “overweight” rating and upped their price objective for the company from GBX 270 ($3.37) to GBX 315 ($3.94) in a research note on Wednesday, August 10th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 440 ($5.50) price objective on shares of B&M European Value Retail SA in a research note on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 317.60 ($3.97).
B&M European Value Retail SA (LON:BME) opened at 258.00 on Wednesday. B&M European Value Retail SA has a 1-year low of GBX 218.40 and a 1-year high of GBX 323.70. The company’s market cap is GBX 2.58 billion. The company’s 50-day moving average is GBX 242.14 and its 200 day moving average is GBX 263.95.
The firm also recently declared a dividend, which will be paid on Friday, December 23rd. Shareholders 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 is Thursday, November 24th.
About B&M European Value Retail SA
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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