B&M CFO Michael Schmidt Purchases Company Shares

B&M European Value Retail SA ( (GB:BME) ) has shared an update.

B&M European Value Retail S.A. announced that its Chief Financial Officer, Michael Schmidt, has purchased 7,415 ordinary shares of the company at a price of GBP 2.69521 per share, totaling GBP 19,984.98. This transaction, conducted on the London Main Market, reflects managerial confidence in the company’s performance and could positively influence stakeholder perception regarding the company’s future prospects.

The most recent analyst rating on (GB:BME) stock is a Buy with a £5.75 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 shows robust financial performance with strong profitability and cash flow. However, high debt levels and bearish technical indicators present risks. Despite these challenges, the stock’s undervaluation and attractive dividend yield provide potential upside. Earnings call and corporate events highlight strategic growth plans and share buybacks, suggesting future opportunities.

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 providing value-oriented products to consumers. The company primarily deals in a range of consumer goods, including household items, food, and general merchandise, targeting budget-conscious shoppers across Europe.

Average Trading Volume: 6,612,159

Technical Sentiment Signal: Sell

Current Market Cap: £2.65B

See more insights into BME stock on TipRanks’ Stock Analysis page.