Investment analysts at Citigroup started coverage on shares of B&M European Value Retail (LON:BME - Get Free Report) in a research report issued on Tuesday, July 16th. The brokerage set a "buy" rating and a 540.00 price target on the stock.
A number of other brokerages have also recently commented on BME. Shore Capital reiterated a "not rated" rating on shares of B&M European Value Retail in a research report on Tuesday, April 16th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of B&M European Value Retail in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft set a 620.00 target price on B&M European Value Retail and gave the company a "buy" rating in a report on Wednesday, October 30th. Panmure Gordon initiated coverage on B&M European Value Retail in a research note on Wednesday, October 2nd. They issued a "buy" rating and a 685.00 price target on the stock. Finally, HSBC set a 640.00 price objective on B&M European Value Retail and gave the company a "buy" rating in a research report on Monday, November 18th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 561.22 ($7.04).
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B&M European Value Retail Price Performance
Shares of BME stock traded up GBX 7.30 ($0.09) during trading hours on Tuesday, hitting GBX 346.30 ($4.34). 4,273,311 shares of the company's stock were exchanged, compared to its average volume of 4,232,208. The company has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. B&M European Value Retail has a 12-month low of GBX 324.80 ($4.07) and a 12-month high of GBX 618.20 ($7.75). The business's 50 day simple moving average is GBX 398.66 and its 200-day simple moving average is GBX 449.36.
Insider Activity at B&M European Value Retail
In related news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction that occurred 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 corporate insiders.
B&M European Value Retail Company Profile
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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.
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