B&M European Value Retail (BME) PT Raised to GBX 470 at Citigroup

B&M European Value Retail (LON:BME) had its price objective increased by equities researchers at Citigroup from GBX 390 ($5.05) to GBX 470 ($6.08) in a research note issued to investors on Wednesday, July 25th. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 12.98% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Deutsche Bank reissued a “buy” rating and set a GBX 389.80 ($5.05) price objective (down from GBX 450 ($5.83)) on shares of B&M European Value Retail in a report on Tuesday, April 17th. HSBC reissued a “buy” rating and set a GBX 470 ($6.08) price objective on shares of B&M European Value Retail in a report on Monday, April 23rd. Liberum Capital reissued a “buy” rating and set a GBX 475 ($6.15) price objective on shares of B&M European Value Retail in a report on Tuesday, April 24th. Morgan Stanley lifted their price objective on B&M European Value Retail from GBX 380 ($4.92) to GBX 390 ($5.05) and gave the company an “equal weight” rating in a report on Tuesday, May 1st. Finally, Peel Hunt reissued a “buy” rating on shares of B&M European Value Retail in a report on Tuesday, May 22nd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 457.86 ($5.93).

BME traded down GBX 3 ($0.04) during trading on Wednesday, reaching GBX 416 ($5.39). 2,434,395 shares of the company’s stock were exchanged, compared to its average volume of 3,550,000. B&M European Value Retail has a fifty-two week low of GBX 295.04 ($3.82) and a fifty-two week high of GBX 436.20 ($5.65).

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

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