Berenberg Bank Initiates Coverage on B&M European Value Retail (LON:BME)

Research analysts at Berenberg Bank assumed coverage on shares of B&M European Value Retail (LON:BME - Get Free Report) in a research note issued on Thursday, March 14th. The firm set a "buy" rating and a 630.00 price target on the stock.

BME has been the subject of a number of other reports. Citigroup reduced their price objective 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 research note on Tuesday, July 16th. HSBC set a 640.00 price target on B&M European Value Retail and gave the stock a "buy" rating in a research report on Monday, November 18th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of B&M European Value Retail in a research note on Friday, June 28th. Shore Capital restated a "not rated" rating on shares of B&M European Value Retail in a report on Tuesday, April 16th. Finally, Panmure Gordon began coverage on shares of B&M European Value Retail in a research note on Wednesday, October 2nd. They issued a "buy" rating and a 685.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 561.22 ($7.04).

B&M European Value Retail Stock Up 2.2 %

Shares of BME traded up GBX 7.30 ($0.09) during mid-day trading on Thursday, 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. 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 50-day simple moving average of GBX 398.66 and a 200 day simple moving average of GBX 449.36. The company has a market cap of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

Insiders Place Their Bets

In related news, insider Alex Russo sold 8,602 shares of the business's 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 value of £36,472.48 ($45,722.05). Company insiders own 4.22% of the company's stock.

About B&M European Value Retail

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.