Stock analysts at Royal Bank of Canada assumed coverage on shares of B&M European Value Retail (LON:BME - Get Free Report) in a report issued on Monday. The firm set an "outperform" rating and a 500.00 price target on the stock.
A number of other equities research analysts also recently commented on BME. Canaccord Genuity Group dropped their price objective on shares of B&M European Value Retail from GBX 600 ($7.52) to GBX 565 ($7.08) and set a "buy" rating on the stock in a research report on Friday. HSBC set a 640.00 target price on shares of B&M European Value Retail and gave the stock a "buy" rating in a research report on Monday, November 18th. BNP Paribas assumed coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They set an "outperform" rating and a 660.00 target price for the company. Goodbody set a 660.00 price objective on shares of B&M European Value Retail and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, Panmure Gordon started coverage on shares of B&M European Value Retail in a research report on Wednesday, October 2nd. They set a "buy" rating and a 685.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 561.22 ($7.04).
View Our Latest Research Report on BME
B&M European Value Retail Trading Up 2.2 %
BME stock traded up GBX 7.30 ($0.09) during midday trading on Monday, 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 business has a 50-day simple moving average of GBX 398.66 and a two-hundred day simple moving average of GBX 449.36. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. The stock has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a 1-year low of GBX 324.80 ($4.07) and a 1-year high of GBX 618.20 ($7.75).
Insiders Place Their Bets
In related news, insider Alex Russo sold 8,602 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.32), for a total transaction of £36,472.48 ($45,722.05). Company insiders own 4.22% of the company's stock.
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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