B&M European Value Retail (BME) Stock Rating Reaffirmed by Peel Hunt

B&M European Value Retail (LON:BME)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a report issued on Tuesday. They presently have a GBX 485 ($6.53) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 23.60% from the company’s previous close.

A number of other research analysts have also recently weighed in on BME. Investec lifted their price objective on shares of B&M European Value Retail from GBX 420 ($5.65) to GBX 435 ($5.85) and gave the company a “buy” rating in a report on Friday, November 3rd. Goldman Sachs Group lifted their price objective on shares of B&M European Value Retail from GBX 400 ($5.38) to GBX 420 ($5.65) and gave the company a “buy” rating in a report on Thursday, September 28th. Deutsche Bank lifted their price objective on shares of B&M European Value Retail from GBX 425 ($5.72) to GBX 435 ($5.85) and gave the company a “buy” rating in a report on Thursday, October 12th. Numis Securities restated an “add” rating and issued a GBX 450 ($6.06) price objective on shares of B&M European Value Retail in a report on Tuesday, November 14th. Finally, restated a “buy” rating and issued a GBX 435 ($5.85) price objective on shares of B&M European Value Retail in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 403.24 ($5.43).

Shares of B&M European Value Retail (LON BME) opened at GBX 392.40 ($5.28) on Tuesday. B&M European Value Retail has a 1 year low of GBX 239.20 ($3.22) and a 1 year high of GBX 413.70 ($5.57).

In other news, Director Gary Gordon Cope sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of GBX 0.65 ($0.01), for a total transaction of £2,600 ($3,499.33).

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About B&M European Value Retail

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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