Numis Securities Reiterates “Add” Rating for B&M European Value Retail (BME)

B&M European Value Retail (LON:BME)‘s stock had its “add” rating reaffirmed by equities researchers at Numis Securities in a research note issued to investors on Friday. They currently have a GBX 450 ($6.10) price objective on the stock. Numis Securities’ price target suggests a potential upside of 7.91% from the stock’s previous close.

A number of other brokerages have also recently weighed in on BME. Deutsche Bank upped their price target on shares of B&M European Value Retail from GBX 435 ($5.90) to GBX 450 ($6.10) and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Jefferies Group reiterated a “buy” rating and issued a GBX 470 ($6.37) price objective on shares of B&M European Value Retail in a report on Tuesday, January 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 485 ($6.58) price objective on shares of B&M European Value Retail in a report on Thursday, January 4th. Liberum Capital boosted their price objective on shares of B&M European Value Retail from GBX 380 ($5.15) to GBX 475 ($6.44) and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Investec reiterated a “buy” rating and issued a GBX 435 ($5.90) price objective on shares of B&M European Value Retail in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. B&M European Value Retail has a consensus rating of “Buy” and a consensus price target of GBX 409.71 ($5.56).

Shares of B&M European Value Retail (LON:BME) opened at GBX 417 ($5.66) on Friday. B&M European Value Retail has a 12-month low of GBX 292.40 ($3.97) and a 12-month high of GBX 424.20 ($5.75). The firm has a market cap of $4,170.00 and a price-to-earnings ratio of 2,780.00.

In other news, Director Gary Gordon Cope sold 400,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of GBX 0.65 ($0.01), for a total value of £2,600 ($3,525.90).

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B&M European Value Retail 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.

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

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