Trade Report: The B&M European Value Retail SA (BME) PT Raised to GBX 280 at Goldman Sachs Group Inc.

The B&M European Value Retail SA (BME) PT Raised to GBX 280 at Goldman Sachs Group Inc.

B&M European Value Retail SA (LON:BME) had its target price raised by analysts at Goldman Sachs Group Inc. from GBX 274 ($3.42) to GBX 280 ($3.50) in a report issued on Monday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s price objective points to a potential upside of 12.83% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. HSBC restated a “buy” rating and set a GBX 370 ($4.62) price target on shares of B&M European Value Retail SA in a research note on Monday, November 14th. Investec reiterated a “buy” rating and issued a GBX 345 ($4.31) target price on shares of B&M European Value Retail SA in a research note on Tuesday, November 1st. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 300 ($3.75) target price on shares of B&M European Value Retail SA in a research note on Friday, October 28th. Liberum Capital lifted their target price on shares of 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 note on Thursday, August 18th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 440 ($5.50) target price on shares of B&M European Value Retail SA in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 316.33 ($3.95).

Shares of B&M European Value Retail SA (LON:BME) opened at 253.172 on Monday. 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 50 day moving average price is GBX 242.10 and its 200-day moving average price is GBX 263.11. The firm’s market cap is GBX 2.53 billion.

The firm also recently announced 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 yield of 0.78%. The ex-dividend date is Thursday, November 24th.

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