Will B&M European Value Retail S.A. (BME.L) fall beyond the 268p support level, or will we see a retest of 417p? (+56%)

• The stock is near support at 268p, now trading at 267.3p (at time of writing).
• Whilst the past does not always repeat itself, the support level has held up well.
• From here, will buying pressure return to drive the price back to 417p? (+56%).
• As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
• Shares -36% from 12-month highs; +0% from 12 month lows.

Latest News

01 Apr:  HSBC reiterates its buy rating on B&M European Value Retail (BME) and reduced the target price to 370p (from 430p).

27 Mar:  Credit Suisse reiterates its outperform rating on B&M European Value Retail (BME) and reduced the target price to 330p (from 382.53p).

16 Mar:  Barclays Capital reiterates its overweight rating on B&M European Value Retail (BME) and reduced the target price to 420p (from 435p).

11 Mar:  B&M European Value Retail announced it had agreed to sell its 80% holding in its German operation, J.A. Woll-Handels, to a consortium.

06 Mar:  RBC Capital Markets reiterates its outperform rating on B&M European Value Retail (BME) and reduced the target price to 400p (from 440p).

06 Mar:  Goldman Sachs reiterates its buy rating on B&M European Value Retail (BME) and reduced the target price to 410p (from 420p).

05 Mar:  Peel Hunt reiterates its buy rating on B&M European Value Retail (BME) and reduced the target price to 450p (from 500p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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