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An announcement from B&M European Value Retail SA ( (GB:BME) ) is now available.
B&M European Value Retail S.A. announced that its CEO, Tjeerd Jegen, has purchased 79,500 ordinary shares of the company at a price of 2.495579 GBP per share, totaling 198,398.53 GBP. This transaction, conducted on the London Stock Exchange, indicates a significant personal investment by the CEO, which could signal confidence in the company’s future performance and potentially impact investor sentiment positively.
The most recent analyst rating on (GB:BME) stock is a Buy with a £278.00 price target. To see the full list of analyst forecasts on B&M European Value Retail SA stock, see the GB:BME Stock Forecast page.
Spark’s Take on GB:BME Stock
According to Spark, TipRanks’ AI Analyst, GB:BME is a Outperform.
B&M European Value Retail SA’s strong valuation and positive technical indicators are the most significant factors contributing to its score. The company’s robust cash generation and strategic growth plans, despite some operational challenges, further support its favorable outlook.
To see Spark’s full report on GB:BME stock, click here.
More about B&M European Value Retail SA
B&M European Value Retail S.A. operates in the retail industry, focusing on offering a wide range of value products. The company is known for its discount retail stores, primarily serving budget-conscious consumers in the European market.
Average Trading Volume: 6,347,832
Technical Sentiment Signal: Sell
Current Market Cap: £2.39B
For a thorough assessment of BME stock, go to TipRanks’ Stock Analysis page.