Highlights

  • Three brokers have issued Buy ratings on B&M European Value Retail S.A.
  • Average target price stands at GBp 298.13, implying an upside potential of over 64%.
  • Investec Bank (UK) PLC set the highest target among disclosed brokers at GBp 325.00.

B&M European Value Retail S.A. (LSE:BMEB), the Luxembourg-based discount retailer, continues to attract positive sentiment from equity analysts despite moderating financial guidance for FY26.

Based on recent data, three major brokerage firms have reiterated Buy recommendations on B&M’s stock. Canaccord Genuity, represented by analyst Mark J. Photiades, reaffirmed a Buy rating. The firm assigned a target price of GBp 245.00, suggesting an upside potential of approximately 42% from current levels.

Investec Bank (UK) PLC analyst Kate S. Calvert maintained a Buy rating with a target price of GBp 325.00, implying nearly 89% upside potential.

Meanwhile, Panmure Liberum’s Ben Hunt continues to back the company with a Buy recommendation with a target price of GBp 410.00 represents the most bullish stance among the three, projecting a potential upside exceeding 138% from the current share price.

Performance and Outlook

B&M’s latest financial updates indicate Group revenue growth of 4.0% in H1 FY26 to £2.75 billion, supported by new store openings across the UK, France, and Heron Foods businesses. However, adjusted EBITDA guidance has been revised down to a range of £470 million – £520 million for FY26, following the discovery of unrecognized overseas freight costs.

Despite the short-term margin pressure, analysts appear focused on the retailer’s strong brand position and expansion strategy. The company continues to benefit from steady like-for-like sales in B&M UK and robust performance in France.

B&M is also advancing its “Back to B&M Basics” operational program aimed at improving execution, optimizing product ranges, and restoring on-shelf availability. These initiatives are expected to enhance sales growth and profitability over the next 12–18 months.