RBC Capital Sticks to Its Buy Rating for B&M European Value Retail SA (BME)

On June 8, RBC Capital Markets reaffirmed a Buy rating on B&M European Value Retail SA (BME), setting a target price of 240 pence. The shares finished the prior session at 204.80p, leaving upside well supported by the new target. The analyst, Richard Chamberlain, is a three-star contributor to TipRanks, where the group’s consensus is Hold with an average target of 202.00p. The latest quarterly results for the period ended March 31 showed revenue of 3.03 billion pence and a net profit of 111 million, up from 2.93 billion and 196 million a year earlier. Chamberlain’s Buy view contrasts with the broader market, which currently leans Hold, and investors will weigh momentum against earnings quality and competitive dynamics in the UK and Europe.