B&M European Value Retail SA’s (BME) Buy Rating Reiterated at Peel Hunt
B&M European Value Retail SA (LON:BME)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a note issued to investors on Monday, July 24th. They currently have a GBX 440 ($5.71) target price on the stock. Peel Hunt’s price objective suggests a potential upside of 18.66% from the company’s previous close.
Other research analysts also recently issued reports about the company. Barclays PLC began coverage on B&M European Value Retail SA in a research note on Thursday, March 30th. They issued an “equal weight” rating and a GBX 325 ($4.22) price objective for the company. Liberum Capital increased their price objective on B&M European Value Retail SA from GBX 330 ($4.28) to GBX 380 ($4.93) and gave the company a “buy” rating in a research note on Wednesday, April 19th. HSBC Holdings plc restated a “buy” rating and issued a GBX 350 ($4.54) target price on shares of B&M European Value Retail SA in a report on Monday, April 24th. Deutsche Bank AG upped their target price on B&M European Value Retail SA from GBX 330 ($4.28) to GBX 360 ($4.67) and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 400 ($5.19) target price on shares of B&M European Value Retail SA in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. B&M European Value Retail SA currently has an average rating of “Buy” and a consensus target price of GBX 382.33 ($4.96).
B&M European Value Retail SA (LON BME) traded down 1.12% during trading on Monday, hitting GBX 370.80. 1,204,964 shares of the stock traded hands. B&M European Value Retail SA has a 12 month low of GBX 218.40 and a 12 month high of GBX 381.00. The company has a 50-day moving average price of GBX 356.44 and a 200-day moving average price of GBX 333.81. The stock’s market cap is GBX 3.71 billion.
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In other news, insider Simon Arora sold 60,000,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of GBX 363 ($4.71), for a total transaction of £217,800,000 ($282,746,981.70).
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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