B&M European Value Retail S.A. (LON:BME) Receives GBX 587.67 Consensus Price Target from Analysts

Shares of B&M European Value Retail S.A. (LON:BME) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 587.67 ($7.76).

BME has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of B&M European Value Retail in a research note on Friday, June 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 ($7.93) price objective on shares of B&M European Value Retail in a research note on Tuesday, July 16th.

B&M European Value Retail Trading Up 0.5 %

Shares of BME opened at GBX 425.80 ($5.62) on Friday. B&M European Value Retail has a 12-month low of GBX 414.30 ($5.47) and a 12-month high of GBX 618.20 ($8.17). The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. The firm has a market capitalization of £4.26 billion, a price-to-earnings ratio of 1,172.16 and a beta of 1.05. The stock’s 50-day moving average price is GBX 447.44 and its 200 day moving average price is GBX 491.75.

Insider Transactions at B&M European Value Retail

In other 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 ($5.60), for a total value of £36,472.48 ($48,180.29). 4.22% of the stock is owned by company insiders.

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.