Goldman Sachs Group Inc. Reiterates Buy Rating for B&M European Value Retail SA (BME)
B&M European Value Retail SA (LON:BME)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group in a report issued on Tuesday. They currently have a GBX 300 ($4.00) target price on the stock. Goldman Sachs Group‘s price target would suggest a potential upside of 8.19% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group AG increased their target price on B&M European Value Retail SA from GBX 350 ($4.66) to GBX 360 ($4.79) and gave the stock an “outperform” rating in a report on Wednesday, June 1st. Jefferies Group increased their target price on B&M European Value Retail SA from GBX 315 ($4.20) to GBX 330 ($4.40) and gave the stock a “buy” rating in a report on Friday, May 27th. Peel Hunt reissued a “buy” rating and issued a GBX 440 ($5.86) target price on shares of B&M European Value Retail SA in a report on Thursday, May 26th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 375 ($4.99) target price on shares of B&M European Value Retail SA in a report on Thursday, May 26th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 340 ($4.53) target price on shares of B&M European Value Retail SA in a report on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 321.33 ($4.28).
Shares of B&M European Value Retail SA (LON:BME) traded up 0.07% during mid-day trading on Tuesday, hitting GBX 277.30. The stock had a trading volume of 3,119,417 shares. The firm’s 50-day moving average price is GBX 269.55 and its 200 day moving average price is GBX 273.89. The stock’s market cap is GBX 2.77 billion. B&M European Value Retail SA has a 12-month low of GBX 230.10 and a 12-month high of GBX 341.30.
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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.
To view Goldman Sachs Group’s full report, visit Goldman Sachs Group’s official website.
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