B&M European Value Retail (LON:BME) Price Target Increased to GBX 440 by Analysts at Royal Bank of Canada
B&M European Value Retail (LON:BME) had its price objective lifted by equities research analysts at Royal Bank of Canada from GBX 425 ($5.23) to GBX 440 ($5.41) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 10.69% from the stock’s current price.
Several other brokerages have also commented on BME. Liberum Capital restated a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, June 11th. Jefferies Financial Group lowered their target price on shares of B&M European Value Retail from GBX 410 ($5.05) to GBX 340 ($4.18) and set a “hold” rating on the stock in a research report on Friday, June 12th. Peel Hunt reaffirmed a “buy” rating on shares of B&M European Value Retail in a research report on Thursday, June 11th. Credit Suisse Group upped their price target on B&M European Value Retail from GBX 330 ($4.06) to GBX 430 ($5.29) and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Finally, HSBC cut their price objective on B&M European Value Retail from GBX 430 ($5.29) to GBX 370 ($4.55) and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 413.50 ($5.09).
LON:BME opened at GBX 397.50 ($4.89) on Monday. The company has a market capitalization of $3.98 billion and a P/E ratio of 44.17. The stock’s 50 day moving average price is GBX 372.53 and its 200 day moving average price is GBX 353.59. The company has a debt-to-equity ratio of 238.49, a quick ratio of 0.49 and a current ratio of 1.13. B&M European Value Retail has a 52 week low of GBX 245.60 ($3.02) and a 52 week high of GBX 439.90 ($5.41).
B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.
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