B&M European Value Retail SA (LON:BME)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a research note issued on Thursday, MarketBeat.com reports. They currently have a GBX 415 ($5.38) price target on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 19.98% from the stock’s current price.
Several other research analysts have also recently issued reports on the company. Peel Hunt reissued a “buy” rating and issued a GBX 440 ($5.70) price target on shares of B&M European Value Retail SA in a research note on Wednesday, July 5th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 420 ($5.44) price target on shares of B&M European Value Retail SA in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 380 ($4.92) price target on shares of B&M European Value Retail SA in a research note on Tuesday, June 20th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 400 ($5.18) price target on shares of B&M European Value Retail SA in a research note on Wednesday, June 7th. Finally, Canaccord Genuity raised their target price on B&M European Value Retail SA from GBX 350 ($4.53) to GBX 405 ($5.25) and gave the company a “buy” rating in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 366.67 ($4.75).
Shares of B&M European Value Retail SA (LON:BME) opened at 344.80 on Thursday. The stock’s market capitalization is GBX 3.45 billion. The firm’s 50 day moving average is GBX 353.80 and its 200 day moving average is GBX 316.26. B&M European Value Retail SA has a 12 month low of GBX 218.40 and a 12 month high of GBX 372.20.
The business also recently declared a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 22nd will be given a GBX 3.90 ($0.05) dividend. This is a positive change from B&M European Value Retail SA’s previous dividend of $1.90. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a dividend yield of 1.08%.
In related news, insider Simon Arora sold 60,000,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of GBX 363 ($4.70), for a total value of £217,800,000 ($282,124,352.33).
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.
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