Jefferies analyst Andrew Wade maintained a Hold rating on B&M European Value Retail SA today and set a price target of p175.00.
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Andrew Wade’s rating is based on several factors influencing B&M European Value Retail SA’s current market position. The company has experienced a difficult first half of the year, with performance metrics indicating challenges in trading despite a low valuation. Wade acknowledges that while changes are being implemented within the company, these adjustments are not occurring swiftly enough to positively impact current trading outcomes.
Given these circumstances, Wade has adjusted his estimates towards the lower end of the guidance range. He remains cautious and emphasizes the need for substantial evidence of strategic improvements before considering a more favorable rating. The current Hold rating reflects a wait-and-see approach, pending clearer signs of recovery and enhanced trading performance.
In another report released on November 18, TR | OpenAI – 4o also downgraded the stock to a Hold with a p174.00 price target.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BME in relation to earlier this year.