BM European Value Retail (LON:BME) Receives a Downgrade
RBC Capital Markets has downgraded shares of BM European Value Retail (LON:BME) to a Underperform rating in analysts note revealed to clients on Monday morning. The firm now has a GBX 300.00 PT on shares. RBC Capital Markets’s PT means a possibly downside of -0.30% from the last stock close of the stock.
From a total of 15 analysts covering BM European Value Retail (LON:BME) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 86% of the ratings are positive. The highest target price is GBX 440 while the lowest target price is GBX 290. The mean of all analyst targets is GBX 380 with a 30.86% above today’s (GBX 300.9) stock price. BM European Value Retail was the topic of 13 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on November 20 with “Add” rating. Investec maintained shares with “Buy” rating and GBX 385 target share price in a report from an October 20. Jefferies maintained BME stock in a recent report from November 18 with “Buy” rating. Citigroup maintained the rating on September 4. Citigroup has a “Buy” rating and a GBX 395 price target on shares. Finally, Canaccord Genuity maintained the stock with “Hold” rating in a report issued on a November 17.
Approximately 143,830 shares of stock traded hands. B&M European Value Retail SA (LON:BME) has declined 0.52% since May 8, 2015 and is downtrending. It has outperformed by 0.56% the S&P500.
The overall sentiment of institutions has increased to 0.82 in Q2 2015. Its up 0.07, from 0.75 in 2015Q2. The ratio is positive, as 5 institutions have sold all the shares of B&M European Value Retail SA that they owned while 6 funds have taken shares off the table. 4 funds have purchased shares for the first time while 5 added to their positions. These institutions now hold 1.25 million shares or 2.86% less than the 1.29 million shares they owned in 2015Q2.
The Fund Doliver Capital Advisors Inc. currently is holding shares equating to 0.25% of its total portfolio in B&M European Value Retail SA representing a total of 8,888 shares. Another fund,National Planning Corp, is holding a total of 12,625 shares equating to 0.05% of their holdings. Additionally, Clenar Muke Llc has a 15,069 share stake in B&M European Value Retail SA which represents 0.04% of their total portfolio. The Fund, 1St Source Bank, based out of Indiana, has also built up a stake in the stock, which represents a total of 0.03% of their total portfolio. Finally Financial Advantage Inc., a fund which is based in the state of Maryland reported a total holdings of 749 shares.
B&M European Value Retail S.A. is a United Kingdom holding firm of the Group. The company has a market cap of 3.01 billion GBP. The Firm is engaged in variety retailing in the United Kingdom and Germany. It has 27.05 P/E ratio. It operates in two divisions: the UK retail segment, including grocery retailers and general merchandise retailers, and the German retail segment.