B&M European Value Retail’s (BME) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of B&M European Value Retail (LON:BME) in a report released on Thursday, September 5th, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 390 ($5.10) price target on shares of B&M European Value Retail in a research report on Thursday, August 22nd. HSBC lowered their price objective on B&M European Value Retail from GBX 500 ($6.53) to GBX 460 ($6.01) and set a buy rating for the company in a research report on Wednesday, May 29th. Liberum Capital reaffirmed a buy rating on shares of B&M European Value Retail in a research report on Wednesday, September 4th. Barclays reaffirmed an overweight rating on shares of B&M European Value Retail in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada lowered their price target on B&M European Value Retail from GBX 450 ($5.88) to GBX 425 ($5.55) and set a top pick rating for the company in a research report on Friday, May 24th. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. B&M European Value Retail presently has a consensus rating of Buy and a consensus price target of GBX 432.27 ($5.65).

LON:BME opened at GBX 385.20 ($5.03) on Thursday. The company has a debt-to-equity ratio of 65.87, a current ratio of 1.46 and a quick ratio of 0.21. The firm’s 50-day moving average price is GBX 357.25 and its 200-day moving average price is GBX 362.32. The company has a market capitalization of $3.85 billion and a PE ratio of 18.79. B&M European Value Retail has a 1-year low of GBX 277.70 ($3.63) and a 1-year high of GBX 431 ($5.63).

In other B&M European Value Retail news, insider Simon Arora sold 14,988,083 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of GBX 375 ($4.90), for a total transaction of £56,205,311.25 ($73,442,194.24).

About B&M European Value Retail

B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.

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

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