B&M European Value Retail's (BME) "Not Rated" Rating Reaffirmed at Shore Capital

B&M European Value Retail (LON:BME - Get Free Report)'s stock had its "not rated" rating reissued by Shore Capital in a report released on Tuesday, Marketbeat.com reports.

A number of other equities research analysts have also weighed in on BME. Citigroup reissued a "buy" rating and set a GBX 456 ($6.06) price objective on shares of B&M European Value Retail in a report on Friday, March 28th. Canaccord Genuity Group dropped their price target on B&M European Value Retail from GBX 545 ($7.25) to GBX 490 ($6.52) and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on B&M European Value Retail from GBX 349 ($4.64) to GBX 320 ($4.25) and set an "underweight" rating for the company in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 538.76 ($7.16).

B&M European Value Retail Stock Performance

Shares of B&M European Value Retail stock traded up GBX 8.70 ($0.12) during midday trading on Tuesday, hitting GBX 322.80 ($4.29). The company had a trading volume of 6,021,202 shares, compared to its average volume of 20,204,912. The company has a fifty day simple moving average of GBX 281.81 and a 200 day simple moving average of GBX 334.53. The stock has a market cap of £3.25 billion, a price-to-earnings ratio of 7.72 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 12-month low of GBX 254.60 ($3.39) and a 12-month high of GBX 556.60 ($7.40).

Insider Activity at B&M European Value Retail

In related news, insider Oliver Tant bought 7,500 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of GBX 285 ($3.79) per share, for a total transaction of £21,375 ($28,420.42). 4.22% of the stock is owned by corporate 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.