B&M European Value Retail SA’s (BME) “Add” Rating Reiterated at Numis Securities Ltd

Numis Securities Ltd restated their add rating on shares of B&M European Value Retail SA (LON:BME) in a report released on Thursday, May 25th. They currently have a GBX 410 ($5.22) target price on the stock.

Other equities analysts also recently issued research reports about the company. Peel Hunt reissued a buy rating and set a GBX 440 ($5.61) price target on shares of B&M European Value Retail SA in a research report on Friday, May 12th. Jefferies Group LLC raised their price target on B&M European Value Retail SA from GBX 335 ($4.27) to GBX 400 ($5.10) and gave the stock a buy rating in a research report on Monday, May 22nd. Deutsche Bank AG lifted their price objective on B&M European Value Retail SA from GBX 330 ($4.20) to GBX 360 ($4.59) and gave the company a buy rating in a research report on Thursday, April 27th. Liberum Capital reaffirmed a buy rating and issued a GBX 380 ($4.84) price objective on shares of B&M European Value Retail SA in a research report on Thursday, May 25th. Finally, HSBC Holdings plc lifted their price objective on B&M European Value Retail SA from GBX 350 ($4.46) to GBX 400 ($5.10) and gave the company a buy rating in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. B&M European Value Retail SA currently has an average rating of Buy and a consensus target price of GBX 366.67 ($4.67).

Shares of B&M European Value Retail SA (LON BME) traded down 1.68% on Thursday, hitting GBX 345.10. 3,297,078 shares of the company traded hands. The firm’s 50 day moving average price is GBX 354.30 and its 200-day moving average price is GBX 311.96. The stock’s market capitalization is GBX 3.45 billion. B&M European Value Retail SA has a 1-year low of GBX 218.40 and a 1-year high of GBX 372.20.

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The company also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 22nd will be issued a GBX 3.90 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a yield of 1.08%. This is a boost from B&M European Value Retail SA’s previous dividend of $1.90.

In other B&M European Value Retail SA news, insider Simon Arora sold 60,000,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of GBX 363 ($4.62), for a total transaction of £217,800,000 ($277,487,578.04).

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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