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

Peel Hunt reiterated their buy rating on shares of B&M European Value Retail (LON:BME) in a research report released on Tuesday, LSE.Co.UK reports. The brokerage currently has a GBX 450 ($5.88) price objective on the stock.

Several other equities analysts also recently commented on BME. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 390 ($5.10) price objective on shares of B&M European Value Retail in a research note on Thursday, August 22nd. Barclays reissued an overweight rating on shares of B&M European Value Retail in a research note on Tuesday, July 16th. Peel Hunt reissued a buy rating and issued a GBX 450 ($5.88) price objective on shares of B&M European Value Retail in a research note on Tuesday. UBS Group reissued a buy rating and issued a GBX 425 ($5.55) price objective on shares of B&M European Value Retail in a research note on Thursday, August 15th. Finally, Liberum Capital reissued a buy rating and issued a GBX 420 ($5.49) price objective on shares of B&M European Value Retail in a research note on Friday, October 11th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 429.58 ($5.61).

Shares of LON:BME opened at GBX 382.30 ($5.00) on Tuesday. The company has a market cap of $3.83 billion and a price-to-earnings ratio of 18.65. 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 has a 50 day simple moving average of GBX 371.40 and a 200 day simple moving average of GBX 364.46. B&M European Value Retail has a one year low of GBX 277.70 ($3.63) and a one year high of GBX 431 ($5.63).

In other news, insider Simon Arora sold 14,988,083 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of GBX 375 ($4.90), for a total transaction of £56,205,311.25 ($73,442,194.24).

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

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