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

Canaccord Genuity Group reaffirmed their buy rating on shares of B&M European Value Retail (LON:BME) in a research note released on Monday morning, MarketBeat Ratings reports. They currently have a GBX 490 ($6.64) target price on the stock.

Other analysts also recently issued research reports about the stock. Shore Capital reissued a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 15th. Citigroup reissued a “buy” rating and issued a GBX 456 ($6.18) price objective on shares of B&M European Value Retail in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 538.76 ($7.30).

B&M European Value Retail Trading Down 0.3%

LON:BME opened at GBX 264.88 ($3.59) on Monday. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The firm has a market capitalization of £2.67 billion, a price-to-earnings ratio of 6.34 and a beta of 1.05. B&M European Value Retail has a one year low of GBX 254.60 ($3.45) and a one year high of GBX 488 ($6.62). The business has a fifty day moving average price of GBX 319.12 and a 200-day moving average price of GBX 316.94.

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

B&M European Value Retail Company Profile

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.