Shares of B&M European Value Retail S.A. (LON:BME – Get Free Report) have earned a consensus rating of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 509.50 ($6.38).
A number of equities research analysts have recently issued reports on the stock. Barclays reaffirmed an “overweight” rating and issued a GBX 565 ($7.07) target price on shares of B&M European Value Retail in a report on Thursday, June 15th. JPMorgan Chase & Co. cut B&M European Value Retail to an “underweight” rating and cut their price objective for the company from GBX 577 ($7.22) to GBX 513 ($6.42) in a research report on Tuesday, September 5th. Berenberg Bank boosted their target price on B&M European Value Retail from GBX 525 ($6.57) to GBX 640 ($8.01) and gave the stock a “buy” rating in a report on Tuesday, June 20th. Shore Capital raised B&M European Value Retail to a “buy” rating in a report on Wednesday, September 6th. Finally, The Goldman Sachs Group downgraded shares of B&M European Value Retail to an “underweight” rating and set a GBX 513 ($6.42) price objective on the stock. in a report on Tuesday, September 5th.
B&M European Value Retail Stock Performance
About B&M European Value Retail
B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Luxembourg, Luxembourg.
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