B&M European Value Retail (LON:BME) Given “Buy” Rating at Shore Capital

B&M European Value Retail (LON:BME)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a research report issued to clients and investors on Friday, November 8th, Digital Look reports. They currently have a GBX 429 ($5.61) price objective on the stock. Shore Capital’s target price points to a potential upside of 13.55% from the stock’s current price.

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Other equities analysts also recently issued reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 450 ($5.88) price objective on shares of B&M European Value Retail in a research note on Tuesday, October 15th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 450 ($5.88) target price on shares of B&M European Value Retail in a report on Tuesday, October 15th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 420 ($5.49) target price on shares of B&M European Value Retail in a report on Friday, October 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 390 ($5.10) target price on shares of B&M European Value Retail in a report on Thursday, August 22nd. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 425 ($5.55) target price on shares of B&M European Value Retail in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. B&M European Value Retail presently has a consensus rating of “Buy” and an average target price of GBX 427.23 ($5.58).

Shares of BME traded up GBX 6.40 ($0.08) during trading hours on Friday, reaching GBX 377.80 ($4.94). The stock had a trading volume of 5,165,553 shares, compared to its average volume of 3,550,000. The company has a quick ratio of 0.16, a current ratio of 1.23 and a debt-to-equity ratio of 208.08. B&M European Value Retail has a 52 week low of GBX 277.70 ($3.63) and a 52 week high of GBX 402.50 ($5.26). The firm has a 50-day moving average of GBX 372.44 and a 200 day moving average of GBX 362.54. The company has a market cap of $3.76 billion and a P/E ratio of 28.84.

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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