B&M European Value Retail (LON:BME) Coverage Initiated at Panmure Gordon

Investment analysts at Panmure Gordon assumed coverage on shares of B&M European Value Retail (LON:BME - Get Free Report) in a report released on Wednesday, October 2nd. The firm set a "buy" rating and a 685.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group cut their price target on shares of B&M European Value Retail from GBX 600 ($7.52) to GBX 565 ($7.08) and set a "buy" rating for the company in a report on Friday. Citigroup dropped their target price on shares of B&M European Value Retail from GBX 540 ($6.77) to GBX 510 ($6.39) and set a "buy" rating for the company in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of B&M European Value Retail in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, B&M European Value Retail has a consensus rating of "Moderate Buy" and an average price target of GBX 561.22 ($7.04).

B&M European Value Retail Price Performance

LON:BME traded up GBX 7.30 ($0.09) during trading hours on Wednesday, hitting GBX 346.30 ($4.34). The company's stock had a trading volume of 4,273,311 shares, compared to its average volume of 4,232,208. B&M European Value Retail has a 52-week low of GBX 324.80 ($4.07) and a 52-week high of GBX 618.20 ($7.75). The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The business's 50-day moving average is GBX 398.66 and its two-hundred day moving average is GBX 449.36. The company has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.32), for a total transaction of £36,472.48 ($45,722.05). 4.22% of the stock is owned by insiders.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.