J.P. Morgan raises target for B&M Retail stock to GBp 201.00

Published on 10/20/2026 at 18:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

B&M revenue rose 2.00 percent in first-quarter fiscal 2027. B&M Retail stock costs EUR 3.34 on October 20, 2026 at 6:46 p.m. CEST.

J.P. Morgan lowers risk appetite

On October 19, 2026, J.P. Morgan raised its March 2028 target from GBp 190.00 to GBp 201.00.
B&M revenue rose 2.00 percent in first-quarter fiscal 2027, while France increased 14.60 percent.
B&M Retail stock costs EUR 3.34 at Lang & Schwarz on October 20, 2026 at 6:46 p.m. CEST.

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B&M Retail (ISIN JE00BVSYJW51) saw J.P. Morgan raise its March 2028 price target from GBp 190.00 to GBp 201.00 on October 19, 2026, while keeping an Underweight rating, according to Yahoo Finance. B&M Retail stock was trading at EUR 3.34 at Lang & Schwarz on October 20, 2026 at 6:46 p.m. CEST.

J.P. Morgan sees margin pressure

The brokerage said its earnings forecasts were below consensus because it expects higher costs and more volatility as B&M works through its operating plan. It also forecast second-quarter UK like-for-like sales of 0.00 percent, compared with 1.00 percent previously, according to Yahoo Finance.

The target remains below the latest London quotation. B&M European Value Retail was last at GBp 279.20 on the London Stock Exchange at 4:35 p.m. BST on October 20, 2026, while the 52-week range was GBp 140.00 to GBp 287.20. The price stood 2.78 percent below the high and 99.43 percent above the low.

Revenue growth remains uneven

B&M reported first-quarter fiscal 2027 revenue growth of 2.00 percent on July 15, 2026. France delivered 14.60 percent growth and like-for-like sales increased 5.30 percent during the quarter, while Heron Foods revenue rose 2.80 percent, according to ESM Magazine.

Results are due November 12

The next scheduled corporate date is the first-half fiscal 2027 results announcement on November 12, 2026, a date reported by Yahoo Finance and listed in the company investor calendar. The investor calendar also identifies the July 15, 2026 Q1 fiscal 2027 trading statement, according to B&M European Value Retail.

For investors, the central issue before the November report is whether revenue progress can translate into stable margins. J.P. Morgan's target of GBp 201.00 is 28.04 percent below the London quotation of GBp 279.20, leaving the analyst view focused on execution costs rather than sales growth alone.

Stock position in euros

B&M Retail was trading at EUR 3.34 at Lang & Schwarz on October 20, 2026 at 6:46 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of B&M Retail stock.