Canaccord Genuity Group Reaffirms Buy Rating for B&M European Value Retail (LON:BME)

B&M European Value Retail (LON:BMEGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a note issued to investors on Monday, MarketBeat.com reports. They currently have a GBX 490 ($6.62) target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 84.42% from the company’s previous close.

Other research analysts have also issued reports about the stock. Citigroup restated a “buy” rating and set a GBX 456 ($6.16) target price on shares of B&M European Value Retail in a research report on Friday, March 28th. Shore Capital reissued a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 538.76 ($7.27).

Read Our Latest Stock Analysis on B&M European Value Retail

B&M European Value Retail Trading Down 4.1%

Shares of BME stock opened at GBX 265.70 ($3.59) on Monday. The business’s fifty day moving average price is GBX 319.33 and its 200 day moving average price is GBX 317.31. B&M European Value Retail has a 1-year low of GBX 254.60 ($3.44) and a 1-year high of GBX 497.10 ($6.71). The firm has a market capitalization of £2.68 billion, a PE ratio of 6.36 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38.

B&M European Value Retail (LON:BMEGet Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) earnings per share for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. As a group, sell-side analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

B&M European Value Retail Company Profile

(Get Free Report)

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.

Further Reading

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

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