B&M European Value Retail (LON:BME) Coverage Initiated by Analysts at Shore Capital

Shore Capital began coverage on shares of B&M European Value Retail (LON:BME) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports. The firm issued a buy rating and a GBX 429 ($5.61) price objective on the stock.

Several other brokerages have also issued reports on BME. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 390 ($5.10) price target on shares of B&M European Value Retail in a report on Thursday, August 22nd. UBS Group restated a buy rating and issued a GBX 425 ($5.55) target price on shares of B&M European Value Retail in a report on Thursday, August 15th. Barclays restated an overweight rating on shares of B&M European Value Retail in a report on Tuesday, July 16th. Peel Hunt restated a buy rating and issued a GBX 450 ($5.88) target price on shares of B&M European Value Retail in a report on Tuesday, October 15th. Finally, Peel Hunt restated a buy rating and issued a GBX 450 ($5.88) target price on shares of B&M European Value Retail in a report on Tuesday, October 15th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 425.75 ($5.56).

LON:BME traded down GBX 2.30 ($0.03) on Friday, hitting GBX 373.20 ($4.88). The stock had a trading volume of 1,535,295 shares, compared to its average volume of 3,550,000. The business’s fifty day moving average is GBX 373.60 and its 200 day moving average is GBX 363.33. The company has a market cap of $3.73 billion and a PE ratio of 18.20. The company has a quick ratio of 0.21, a current ratio of 1.46 and a debt-to-equity ratio of 65.87. B&M European Value Retail has a 52 week low of GBX 277.70 ($3.63) and a 52 week high of GBX 431 ($5.63).

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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