B&M European Value Retail (BME) Reaches New 52-Week High at $415.50

B&M European Value Retail SA (LON:BME)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 415.50 ($5.56) and last traded at GBX 414.30 ($5.54), with a volume of 0 shares traded. The stock had previously closed at GBX 414.30 ($5.54).

BME has been the subject of several recent analyst reports. restated an “add” rating and set a GBX 450 ($6.02) price objective on shares of B&M European Value Retail in a research report on Tuesday, November 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 390 ($5.21) price objective on shares of B&M European Value Retail in a research report on Wednesday, November 15th. Deutsche Bank raised their price objective on shares of B&M European Value Retail from GBX 400 ($5.35) to GBX 425 ($5.68) and gave the stock a “buy” rating in a research report on Friday, September 8th. Investec restated a “buy” rating and set a GBX 435 ($5.82) price objective on shares of B&M European Value Retail in a research report on Tuesday, November 14th. Finally, Jefferies Group raised their price objective on shares of B&M European Value Retail from GBX 415 ($5.55) to GBX 470 ($6.28) and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. B&M European Value Retail currently has a consensus rating of “Buy” and a consensus price target of GBX 408.82 ($5.47).

The stock has a market capitalization of $4,140.00 and a PE ratio of 2,762.00.

In other B&M European Value Retail news, Director Gary Gordon Cope sold 400,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of GBX 0.65 ($0.01), for a total value of £2,600 ($3,476.40).

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About B&M European Value Retail

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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