B&M European Value Retail (BME) PT Lowered to GBX 470

B&M European Value Retail (LON:BME) had its target price cut by Credit Suisse Group from GBX 480 ($6.27) to GBX 470 ($6.14) in a report published on Wednesday morning. They currently have an outperform rating on the stock.

A number of other research firms have also weighed in on BME. Peel Hunt reissued a buy rating on shares of B&M European Value Retail in a report on Monday, October 22nd. Royal Bank of Canada raised B&M European Value Retail to an outperform rating in a report on Tuesday, October 16th. Libertas Partners reissued a buy rating and set a GBX 475 ($6.21) target price on shares of B&M European Value Retail in a report on Monday, October 22nd. Liberum Capital reissued a buy rating on shares of B&M European Value Retail in a report on Tuesday. Finally, HSBC reissued a buy rating on shares of B&M European Value Retail in a report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 464.17 ($6.07).

Shares of LON:BME traded down GBX 18.70 ($0.24) during trading on Wednesday, hitting GBX 355.70 ($4.65). 3,923,951 shares of the company were exchanged, compared to its average volume of 3,550,000. B&M European Value Retail has a fifty-two week low of GBX 295.04 ($3.86) and a fifty-two week high of GBX 436.20 ($5.70).

B&M European Value Retail (LON:BME) last posted its earnings results on Tuesday, November 13th. The company reported GBX 8 ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 7.80 ($0.10) by GBX 0.20 ($0.00).

The firm also recently announced a dividend, which will be paid on Friday, December 21st. Investors of record on Thursday, November 22nd will be issued a dividend of GBX 2.70 ($0.04) per share. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, November 22nd.

About B&M European Value Retail

B&M European Value Retail SA operates as a general merchandise value retailer in the United Kingdom and Germany. As of March 31, 2018, the company operated approximately 576 stores under the B&M brand in the United Kingdom; and 265 stores under the Heron Foods brand, as well as 86 stores under the Jawoll brand in Germany.

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

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