Credit Suisse Group AG Reiterates “Outperform” Rating for B&M European Value Retail SA (BME)
B&M European Value Retail SA (LON:BME)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group AG in a report released on Monday. They presently have a GBX 350 ($4.27) price target on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 47.37% from the stock’s current price.
Several other equities analysts have also weighed in on the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 300 ($3.66) target price on shares of B&M European Value Retail SA in a report on Tuesday, September 6th. HSBC reaffirmed a “buy” rating and set a GBX 355 ($4.33) target price on shares of B&M European Value Retail SA in a report on Tuesday, August 16th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 300 ($3.66) target price on shares of B&M European Value Retail SA in a report on Friday, July 15th. Liberum Capital lifted their target price on shares of B&M European Value Retail SA from GBX 300 ($3.66) to GBX 330 ($4.02) and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of B&M European Value Retail SA in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 321.33 ($3.92).
B&M European Value Retail SA (LON:BME) traded down 0.92% during trading on Monday, reaching GBX 237.50. 2,343,667 shares of the company’s stock traded hands. The company has a 50-day moving average price of GBX 259.35 and a 200 day moving average price of GBX 269.42. B&M European Value Retail SA has a one year low of GBX 230.10 and a one year high of GBX 341.30. The firm’s market capitalization is GBX 2.38 billion.
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B&M European Value Retail SA Company Profile
B&M European Value Retail SA is a United Kingdom-based holding company of the Group. The Company is engaged in variety retailing in the United Kingdom and Germany. It operates in two segments: the UK retail segment, including grocery retailers and general merchandise retailers, and the German retail segment.
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