Goldman Sachs Raises B&M European Value Retail (BME) Price Target to GBX 485

B&M European Value Retail (LON:BME) had its target price raised by Goldman Sachs from GBX 470 ($6.49) to GBX 485 ($6.70) in a research note issued to investors on Thursday. Goldman Sachs currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on BME. Deutsche Bank lifted their target price on B&M European Value Retail from GBX 435 ($6.01) to GBX 450 ($6.22) and gave the company a buy rating in a report on Tuesday, January 2nd. Jefferies Group reissued a buy rating and issued a GBX 470 ($6.49) price objective on shares of B&M European Value Retail in a research report on Tuesday, January 2nd. Numis Securities reissued an add rating and issued a GBX 470 ($6.49) price objective on shares of B&M European Value Retail in a research report on Thursday, February 1st. Peel Hunt reissued a buy rating and issued a GBX 485 ($6.70) price objective on shares of B&M European Value Retail in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 390 ($5.39) price objective on shares of B&M European Value Retail in a research report on Monday, January 15th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of GBX 440.33 ($6.08).

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B&M European Value Retail stock opened at GBX 400.80 ($5.54) on Thursday. B&M European Value Retail has a fifty-two week low of GBX 295.04 ($4.08) and a fifty-two week high of GBX 436.20 ($6.03). The firm has a market capitalization of $4,190.00 and a price-to-earnings ratio of 2,672.00.

In other B&M European Value Retail news, Director Ross Wilmot bought 50,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were acquired at an average cost of GBX 0.70 ($0.01) per share, with a total value of £350 ($483.56). Over the last ninety days, insiders have bought 69,500 shares of company stock worth $49,220.

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B&M European Value Retail 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.

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

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