London, June 16, 2026, 16:04 BST
- B&M shares traded at about 188p in delayed retail-platform data, falling a bit more than 2% for the session. The stock lagged the FTSE 250. HL
- Shore Capital downgraded B&M to hold from buy, saying there’s limited near-term visibility, a weaker start to FY27, and the shares have already rebounded. Sharecast
- B&M’s next big update is the Q1 FY27 trading statement, set for release July 15. The statement will cover trading for the 13 weeks ending June 27. TradingView
B&M European Value Retail shares dropped for a second day on Tuesday after a new broker downgrade and some early signs the company’s turnaround is starting to stick. Hargreaves Lansdown’s delayed quotes put the shares at 187.70p to sell and 187.90p to buy, down 4.20p, or 2.19%. The FTSE 250 index was flat. AJ Bell quoted 187.70p/188.00p, with a last close at 192.00p and trading volume just below 6 million shares. HL
B&M shares came under fresh pressure after Shore Capital cut its rating to hold from buy. The broker hasn’t walked away from its turnaround argument, saying B&M is still making moves on availability, price, and range, and sees France as a growth lever. Timing is the issue. UK like-for-likes are just stabilising, margins aren’t back yet, and the shares have already rebounded off their lows. Shore Capital now sees the risk-reward as more balanced. Like-for-like sales refer to sales from stores open at least a year, ignoring new locations. Sharecast
B&M shares jumped June 3 after annual results beat lowered expectations. Adjusted EBITDA hit £459 million, topping the £451 million average analyst forecast Proactive Investors cited. Still, the numbers show there’s plenty left to fix. Revenue climbed 3.6% to £5.775 billion, but adjusted EBITDA dropped 25.9%. Adjusted profit before tax fell 37.7%. Statutory pre-tax profit was down 47.3%. Proactiveinvestors UK
B&M boss Tjeerd Jegen didn’t mince words: “FY26 was a difficult year that saw profits fall due to a challenging market and execution issues.” Bulls point to early progress from the Back to B&M Basics plan, better pricing and promotions, a 15.9% drop in net debt to £656 million, and 13.4% sales growth in France. Bears focus on B&M UK’s like-for-like sales, which slipped -0.1% for the year, dividends cut by 36%, and shares now trading ex-dividend. New investors miss out on the latest 6.1p payout. Investegate
B&M is trading near 188p, and at this level the stock looks like a turnaround bet, not just a value pick. The shares aren’t expensive if management can drive UK sales and margins higher again, and Investors Chronicle, using LSEG data, shows 18 analysts with a median price target of 230p over 12 months. But forecasts are spread out, from as low as 140p to 290p, highlighting the split in views. The first-quarter update for FY27 on July 15 is the next main event for the stock, likely giving the first signs of whether recent trading momentum and turnaround steps are translating into steady sales gains. Investors Chronicle
