Brokerages Set B&M European Value Retail SA (BME) PT at $441.00

Shares of B&M European Value Retail SA (LON:BME) have been given an average rating of “Buy” by the fifteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 441 ($5.76).

A number of research firms recently commented on BME. Macquarie began coverage on shares of B&M European Value Retail in a research note on Monday, April 8th. They set an “outperform” rating and a GBX 445 ($5.81) price objective on the stock. Goldman Sachs Group increased their target price on shares of B&M European Value Retail from GBX 425 ($5.55) to GBX 435 ($5.68) and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Peel Hunt reiterated a “buy” rating on shares of B&M European Value Retail in a research report on Tuesday, January 29th. Numis Securities upgraded shares of B&M European Value Retail to a “buy” rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada cut their target price on shares of B&M European Value Retail from GBX 450 ($5.88) to GBX 400 ($5.23) and set an “outperform” rating for the company in a research report on Monday, January 14th.

In other B&M European Value Retail news, insider Thomas Hubner sold 11,111 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of GBX 345 ($4.51), for a total value of £38,332.95 ($50,088.79).

Shares of LON:BME traded down GBX 2.40 ($0.03) during trading hours on Thursday, hitting GBX 384.20 ($5.02). The stock had a trading volume of 1,022,021 shares, compared to its average volume of 3,550,000. B&M European Value Retail has a 1-year low of GBX 277.70 ($3.63) and a 1-year high of GBX 436.40 ($5.70). The firm has a market capitalization of $3.84 billion and a P/E ratio of 18.21. The company has a current ratio of 1.60, a quick ratio of 0.26 and a debt-to-equity ratio of 65.65.

About B&M European Value Retail

B&M European Value Retail SA operates as a general merchandise value retailer in the United Kingdom and Germany. As of March 31, 2018, the company operated approximately 576 stores under the B&M brand in the United Kingdom; and 265 stores under the Heron Foods brand, as well as 86 stores under the Jawoll brand in Germany.

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Analyst Recommendations for B&M European Value Retail (LON:BME)

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