Investec Reiterates “Buy” Rating for B&M European Value Retail SA (BME)

B&M European Value Retail SA (LON:BME)‘s stock had its “buy” rating reissued by analysts at Investec in a note issued to investors on Monday, July 24th. They presently have a GBX 405 ($5.26) target price on the stock. Investec’s price objective indicates a potential upside of 9.22% from the stock’s current price.

BME has been the topic of a number of other research reports. Barclays PLC assumed coverage on B&M European Value Retail SA in a report on Thursday, March 30th. They issued an “equal weight” rating and a GBX 325 ($4.22) price objective on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 440 ($5.71) price objective on shares of B&M European Value Retail SA in a report on Wednesday, July 12th. HSBC Holdings plc reissued a “buy” rating and set a GBX 420 ($5.45) price target on shares of B&M European Value Retail SA in a research note on Wednesday, June 28th. Liberum Capital reissued a “buy” rating and set a GBX 380 ($4.93) price target on shares of B&M European Value Retail SA in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a GBX 415 ($5.39) price target on shares of B&M European Value Retail SA in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 382.33 ($4.96).

B&M European Value Retail SA (LON BME) traded down 1.12% during mid-day trading on Monday, reaching GBX 370.80. The company’s stock had a trading volume of 1,204,964 shares. The stock’s 50 day moving average is GBX 356.44 and its 200 day moving average is GBX 333.81. The firm’s market cap is GBX 3.71 billion. B&M European Value Retail SA has a one year low of GBX 218.40 and a one year high of GBX 381.00.

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In related news, insider Simon Arora sold 60,000,000 shares of B&M European Value Retail SA stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of GBX 363 ($4.71), for a total transaction of £217,800,000 ($282,746,981.70).

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.

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

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