# B&M European Value Retail SA 3.1% potential upside indicated by JP Morgan Cazenove

- Link: https://www.directorstalkinterviews.com/bm-european-value-retail-sa-3.1-potential-upside-indicated-by-jp-morgan-cazenove/4121133770
- Published: 2023-11-22T13:02:04+00:00
- Author: Charlotte Edwards

**B&M European Value Retail SA** with ticker (LON:BME) now has a potential upside
of 3.1% according to [JP Morgan](https://www.directorstalkinterviews.com/company/news/funds)
Cazenove.
JP Morgan Cazenove set a target price of 550 GBX for the company, which
when compared to the B&M European Value Retail SA share price of 534 GBX at opening
today (22/11/2023) indicates a potential upside of 3.1%. Trading has ranged between
398 (52 week low) and 593 (52 week high) with an average of 3,012,155 shares exchanging
hands daily. The market capitalisation at the time of writing is £5,342,678,517.
B&M European Value Retail SA is a Luxembourg-based holding company of the Group.
The principal activity of the Group is variety retailing in the United Kingdom (
UK) and France. The Company reports three segments: UK B&M; UK Heron and France 
Babou. The Company’s stores are in and out of town centers, retail parks, and local
shopping parades and precincts. The Company’s branded B&M, Heron Foods and Babou
stores offer a limited assortment within each of its products in food, grocery, 
and general merchandise ranges. The products are mainly sourced direct from manufacturers.
In the UK retail market, B&M operates over 650 stores, and The Heron Foods chain
has around 290 convenience stores. In the French retail market, Babou operates around
100 stores with the general merchandise, clothing, and footwear.

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