B&M European Value Retail S.A. (DI) (BME)

Sector:

Retailers

Index:

FTSE 100

366.70p
   
  • Change Today:
    -19.70p
  • 52 Week High: 644.00
  • 52 Week Low: 355.80
  • Currency: UK Pounds
  • Shares Issued: 1,001.23m
  • Volume: 2,997,669
  • Market Cap: £3,671.50m
  • RiskGrade: 144

RBC Capital ups B&M European Value Retail to 'sector perform'

By Michele Maatouk

Date: Thursday 10 Feb 2022

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets upgraded B&M European Value Retail from 'underperform' on Thursday, citing a "moderate" valuation.

"We have raised our FY22-23 profit before tax forecasts by 1-2%, due to slightly higher UK like-for-like and France margin assumptions, and are circa 5% above the company compiled-consensus for FY23," RBC.

It noted that B&M now trades at around 13x CY22E price-to-earnings, towards the bottom end of its recent range, and should show moderate growth post a very strong pandemic period.

"We upgrade to sector perform, but have more valuation upside for some other UK general retailers, for whom we expect more imminent extra cash returns," it said.

RBC kept the price target at 600p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BME Market Data

Currency UK Pounds
Share Price 366.70p
Change Today -19.70p
% Change -5.10 %
52 Week High 644.00
52 Week Low 355.80
Volume 2,997,669
Shares Issued 1,001.23m
Market Cap £3,671.50m
RiskGrade 144

BME Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average
36.17% above the sector average36.17% above the sector average36.17% above the sector average36.17% above the sector average36.17% above the sector average
Price Trend
64.12% below the market average64.12% below the market average64.12% below the market average64.12% below the market average64.12% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Income
64.87% above the market average64.87% above the market average64.87% above the market average64.87% above the market average64.87% above the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average
Growth
34.81% above the market average34.81% above the market average34.81% above the market average34.81% above the market average34.81% above the market average
8.00% above the sector average8.00% above the sector average8.00% above the sector average8.00% above the sector average8.00% above the sector average

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 11
Sell 0
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BME Dividends

  Latest Previous
  Final Special
Ex-Div 30-Jun-22 16-Dec-21
Paid 05-Aug-22 14-Jan-22
Amount 11.50p 25.00p

Trades for 30-Jun-2022

Time Volume / Share Price
16:36 3,177 @ 366.70p
16:35 1,036,646 @ 366.70p
16:29 103 @ 368.60p
16:29 750 @ 368.60p
16:29 64 @ 368.50p

BME Key Personnel

CEO Simon Arora
CFO Alex Russo

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