Trade Report: The B&M European Value Retail SA’s (BME) Buy Rating Reiterate at Peel Hunt

The B&M European Value Retail SA’s (BME) Buy Rating Reiterate at Peel Hunt

B&M European Value Retail SA (LON:BME)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research note issued to investors on Monday. They currently have a GBX 440 ($5.50) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 77.30% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on BME. Royal Bank Of Canada restated an “underperform” rating on shares of B&M European Value Retail SA in a research note on Monday, August 1st. Liberum Capital restated a “buy” rating and issued a GBX 300 ($3.75) price target on shares of B&M European Value Retail SA in a research note on Tuesday, August 9th. Morgan Stanley upgraded B&M European Value Retail SA to an “overweight” rating and increased their price target for the company from GBX 270 ($3.37) to GBX 315 ($3.94) in a research note on Wednesday, August 10th. HSBC restated a “buy” rating and issued a GBX 355 ($4.44) price target on shares of B&M European Value Retail SA in a research note on Wednesday, August 10th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 300 ($3.75) price objective on shares of B&M European Value Retail SA in a report on Tuesday, September 6th. 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 company presently has a consensus rating of “Buy” and an average price target of GBX 315.93 ($3.95).

B&M European Value Retail SA (LON:BME) opened at 248.1672 on Monday. The company’s market capitalization is GBX 2.48 billion. B&M European Value Retail SA has a one year low of GBX 218.40 and a one year high of GBX 323.70. The firm’s 50 day moving average price is GBX 242.10 and its 200-day moving average price is GBX 263.11.

The firm also recently disclosed a dividend, which will be paid on Friday, December 23rd. Investors of record on Thursday, November 24th will be paid a GBX 1.90 ($0.02) dividend. This represents a yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 24th.

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