B&M European Value Retail S.A. (BME.L) 27-11-19
Will B&M European Value Retail S.A. (BME.L) shares break out, or will it fall back again to the 315p support? (-17%)?
- Currently trading around the 381p resistance at 381.2p (at time of writing).The resistance has been reliable. Will the price action repeat?
- Short sellers might be interested in this key level. Will we see a return to support at 315p? (-17%).
- Be aware of news and developments. Check our website and other news channels for updates.
- Shares -4% from 12-month highs; +36% from 12 month lows.
19 Nov: Citigroup has downgraded its rating on B&M European Value Retail (BME) to neutral (from buy) and reduced the target price to 405p (from 410p).
15 Nov: JP Morgan Cazenove reiterates its overweight rating on B&M European Value Retail (BME) and increased the target price to 400p (from 390p).
14 Nov: Goldman Sachs reiterates its buy rating on B&M European Value Retail (BME) and reduced the target price to 425p (from 440p).
13 Nov: Jefferies International reiterates its buy rating on B&M European Value Retail (BME) and reduced the target price to 410p (from 420p).
12 Nov: B&M European Value Retail announced that profits for H1 were down significantly, largely due to the operational issues and subsequent write-down at its German Jawoll business.
08 Nov: Shore Capital today initiates coverage of B&M European Value Retail (BME) with a buy rating and target price of 429p.
24 Jul: B&M European Value Retail posted a ‘solid start’ to the year. Revenues were up by more than 20% in Q1.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires