B&M European Value Retail (LON:BME) Rating Reiterated by Peel Hunt
Peel Hunt reiterated their buy rating on shares of B&M European Value Retail (LON:BME) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
Several other research firms have also weighed in on BME. Jefferies Financial Group reiterated a buy rating on shares of B&M European Value Retail in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price objective on shares of B&M European Value Retail from GBX 420 ($5.52) to GBX 440 ($5.79) and gave the company an outperform rating in a research note on Thursday, December 19th. Liberum Capital reiterated a buy rating on shares of B&M European Value Retail in a research note on Friday, January 10th. Goldman Sachs Group dropped their price objective on shares of B&M European Value Retail from GBX 440 ($5.79) to GBX 425 ($5.59) and set a buy rating on the stock in a research note on Thursday, November 14th. Finally, Morgan Stanley reiterated an equal weight rating on shares of B&M European Value Retail in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 427.23 ($5.62).
Shares of LON:BME traded up GBX 4.70 ($0.06) during mid-day trading on Thursday, hitting GBX 380.50 ($5.01). The stock had a trading volume of 2,036,735 shares, compared to its average volume of 3,550,000. The company has a debt-to-equity ratio of 208.08, a quick ratio of 0.16 and a current ratio of 1.23. The company has a market cap of $3.81 billion and a PE ratio of 29.05. B&M European Value Retail has a 12-month low of GBX 313.10 ($4.12) and a 12-month high of GBX 439.90 ($5.79). The company’s 50 day moving average is GBX 383.83 and its 200-day moving average is GBX 375.99.
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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