B&M European Value Retail SA (LON:BME) has been given a consensus rating of “Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 451.36 ($5.88).

A number of research analysts recently commented on the stock. Citigroup raised their price objective on shares of B&M European Value Retail from GBX 390 ($5.08) to GBX 470 ($6.12) and gave the company a “buy” rating in a research note on Wednesday, July 25th. Peel Hunt reiterated a “buy” rating on shares of B&M European Value Retail in a research note on Wednesday, May 30th. Numis Securities lowered their price objective on shares of B&M European Value Retail from GBX 470 ($6.12) to GBX 450 ($5.86) and set an “add” rating on the stock in a research note on Wednesday, May 30th. HSBC raised their price objective on shares of B&M European Value Retail from GBX 470 ($6.12) to GBX 500 ($6.51) and gave the company a “buy” rating in a research note on Wednesday, June 20th. Finally, Deutsche Bank raised their price objective on shares of B&M European Value Retail from GBX 465 ($6.06) to GBX 470 ($6.12) and gave the company a “buy” rating in a research note on Tuesday, June 5th.

Shares of BME traded down GBX 4.70 ($0.06) during mid-day trading on Wednesday, reaching GBX 398.30 ($5.19). The company had a trading volume of 1,087,184 shares, compared to its average volume of 3,550,000. B&M European Value Retail has a 1-year low of GBX 295.04 ($3.84) and a 1-year high of GBX 436.20 ($5.68).

B&M European Value Retail Company Profile

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

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