B&M European Value Retail S.A. (LON:BME – Get Free Report) shares shot up 13.7% during mid-day trading on Wednesday . The company traded as high as GBX 196.10 and last traded at GBX 193.80. 25,143,244 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 38,476,266 shares. The stock had previously closed at GBX 170.50.
Wall Street Analysts Forecast Growth
Separately, Citigroup increased their target price on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 207.50.
View Our Latest Report on B&M European Value Retail
B&M European Value Retail Stock Up 14.8%
About B&M European Value Retail
B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.
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