Shares of B&M European Value Retail SA (LON:BME) have received an average rating of “Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 442.50 ($5.78).
A number of brokerages have recently weighed in on BME. Credit Suisse Group cut their target price on B&M European Value Retail from GBX 470 ($6.14) to GBX 380 ($4.97) and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada lowered their price target on shares of B&M European Value Retail from GBX 450 ($5.88) to GBX 400 ($5.23) and set an “outperform” rating on the stock in a report on Monday, January 14th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 500 ($6.53) price target on shares of B&M European Value Retail in a report on Thursday, January 3rd. HSBC reaffirmed a “buy” rating on shares of B&M European Value Retail in a report on Thursday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of B&M European Value Retail in a report on Wednesday, November 14th.
In related news, insider Peter Bamford bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 21st. The stock was bought at an average cost of GBX 315 ($4.12) per share, for a total transaction of £15,750 ($20,580.16).
B&M European Value Retail (LON:BME) last released its quarterly earnings results on Tuesday, November 13th. The company reported GBX 8 ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 7.80 ($0.10) by GBX 0.20 ($0.00).
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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