B&M European Value Retail S.A. (LON:BME – Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as GBX 140 and last traded at GBX 177.50, with a volume of 1319182 shares. The stock had previously closed at GBX 179.96.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on BME shares. Berenberg Bank lowered their price objective on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Citigroup boosted their price objective on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Jefferies Financial Group decreased their price target on B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a report on Thursday, November 20th. Peel Hunt reissued an “add” rating and set a GBX 200 price objective on shares of B&M European Value Retail in a report on Thursday, November 13th. Finally, Shore Capital Group restated a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 207.50.
View Our Latest Stock Report on B&M European Value Retail
B&M European Value Retail Trading Down 0.8%
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 Munsbach, Luxembourg.
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