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

B&M European Value Retail (LON:BME)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital in a research note issued on Friday, Digital Look reports. They presently have a GBX 429 ($5.61) price target on the stock. Shore Capital’s target price would indicate a potential upside of 20.24% from the stock’s current price.

BME has been the subject of several other research reports. Liberum Capital restated a “buy” rating and issued a GBX 420 ($5.49) price objective on shares of B&M European Value Retail in a research report on Friday, October 11th. Peel Hunt restated a “buy” rating and issued a GBX 450 ($5.88) price objective on shares of B&M European Value Retail in a research report on Tuesday, October 15th. Peel Hunt restated a “buy” rating and issued a GBX 450 ($5.88) price objective on shares of B&M European Value Retail in a research report on Tuesday, October 15th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 390 ($5.10) price objective on shares of B&M European Value Retail in a research report on Thursday, August 22nd. Finally, Barclays restated an “overweight” rating on shares of B&M European Value Retail in a research report on Tuesday, July 16th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 425.75 ($5.56).

BME stock traded down GBX 21.20 ($0.28) during trading on Friday, hitting GBX 356.80 ($4.66). The company had a trading volume of 9,292,616 shares, compared to its average volume of 3,550,000. The company has a quick ratio of 0.21, a current ratio of 1.46 and a debt-to-equity ratio of 65.87. The firm has a 50-day moving average price of GBX 373.32 and a 200-day moving average price of GBX 363.07. B&M European Value Retail has a 12 month low of GBX 277.70 ($3.63) and a 12 month high of GBX 431 ($5.63). The stock has a market cap of $3.79 billion and a price-to-earnings ratio of 17.40.

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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