B&M European Value Retail (LON:BME) had its price target increased by analysts at Royal Bank of Canada from GBX 425 ($5.23) to GBX 440 ($5.41) in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 10.69% from the company’s previous close.
BME has been the topic of a number of other research reports. Citigroup reiterated a “neutral” rating on shares of B&M European Value Retail in a report on Thursday, June 18th. Barclays reaffirmed an “overweight” rating and set a GBX 420 ($5.17) price objective on shares of B&M European Value Retail in a research note on Monday, May 18th. Credit Suisse Group lifted their price objective on B&M European Value Retail from GBX 330 ($4.06) to GBX 430 ($5.29) and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Peel Hunt reaffirmed a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, June 11th. Finally, HSBC cut their price objective on shares of B&M European Value Retail from GBX 430 ($5.29) to GBX 370 ($4.55) and set a “buy” rating for the company in a research report on Wednesday, April 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 413.50 ($5.09).
Shares of LON BME opened at GBX 397.50 ($4.89) on Monday. The firm’s 50-day moving average is GBX 372.53 and its two-hundred day moving average is GBX 353.59. The company has a market capitalization of $3.98 billion and a PE ratio of 44.17. B&M European Value Retail has a 12-month low of GBX 245.60 ($3.02) and a 12-month high of GBX 439.90 ($5.41). The company has a debt-to-equity ratio of 238.49, a current ratio of 1.13 and a quick ratio of 0.49.
B&M European Value Retail Company Profile
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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