B&M European Value Retail SA (LON:BME)‘s stock had its “buy” rating restated by equities research analysts at HSBC Holdings plc in a research note issued on Wednesday, July 19th, Marketbeat Ratings reports. They currently have a GBX 420 ($5.47) price target on the stock. HSBC Holdings plc’s price objective would suggest a potential upside of 12.39% from the company’s current price.
A number of other equities analysts have also recently commented on BME. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 350 ($4.56) price target on shares of B&M European Value Retail SA in a research note on Friday, May 26th. J P Morgan Chase & Co began coverage on shares of B&M European Value Retail SA in a report on Thursday, July 13th. They set a “neutral” rating and a GBX 370 ($4.82) price objective for the company. Jefferies Group LLC lifted their price objective on shares of B&M European Value Retail SA from GBX 335 ($4.36) to GBX 400 ($5.21) and gave the company a “buy” rating in a report on Monday, May 22nd. Numis Securities Ltd reiterated an “add” rating and set a GBX 400 ($5.21) price objective on shares of B&M European Value Retail SA in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of B&M European Value Retail SA to a “buy” rating and lifted their price objective for the company from GBX 380 ($4.95) to GBX 400 ($5.21) in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. B&M European Value Retail SA has a consensus rating of “Buy” and a consensus target price of GBX 382.33 ($4.98).
Shares of B&M European Value Retail SA (BME) traded down 1.14% during mid-day trading on Wednesday, reaching GBX 373.70. The company’s stock had a trading volume of 1,906,821 shares. 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 firm’s market cap is GBX 3.74 billion. The company’s 50-day moving average is GBX 352.02 and its 200 day moving average is GBX 331.41.
In other B&M European Value Retail SA news, insider Simon Arora sold 60,000,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of GBX 363 ($4.73), for a total transaction of £217,800,000 ($283,630,681.08).
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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