B&M European Value Retail (LON:BME) Earns “Buy” Rating from UBS Group
UBS Group reissued their buy rating on shares of B&M European Value Retail (LON:BME) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages also recently issued reports on BME. Macquarie initiated coverage on shares of Wynn Macau in a report on Monday, April 8th. They issued an outperform rating on the stock. Jefferies Financial Group reissued a hold rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Numis Securities reissued a buy rating and issued a GBX 1,800 ($23.52) price target on shares of in a report on Monday, June 3rd. HSBC set a €54.00 ($62.79) price target on shares of ADO Properties and gave the stock a neutral rating in a report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. downgraded shares of Sogou from a neutral rating to an underweight rating and lowered their price target for the stock from $5.50 to $4.12 in a report on Thursday, June 27th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 441 ($5.76).
Shares of B&M European Value Retail stock opened at GBX 355 ($4.64) on Friday. B&M European Value Retail has a 12-month low of GBX 277.70 ($3.63) and a 12-month high of GBX 436.40 ($5.70). The stock has a market capitalization of $3.55 billion and a P/E ratio of 17.32. The company has a debt-to-equity ratio of 65.87, a quick ratio of 0.21 and a current ratio of 1.46. The stock has a 50-day moving average price of GBX 338.86.
In related news, insider Gilles Petit acquired 2,440 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of GBX 361 ($4.72) per share, for a total transaction of £8,808.40 ($11,509.73).
About B&M European Value Retail
B&M European Value Retail SA operates as a general merchandise value retailer in the United Kingdom and Germany. As of March 31, 2018, the company operated approximately 576 stores under the B&M brand in the United Kingdom; and 265 stores under the Heron Foods brand, as well as 86 stores under the Jawoll brand in Germany.
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