B&M European Value Retail (LON:BME) PT Set at 650.00 by Peel Hunt

B&M European Value Retail (LON:BME) received a 650.00 price target from Peel Hunt in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Panmure Gordon assumed coverage on shares of B&M European Value Retail in a research note on Friday. They set a “buy” rating and a 685.00 target price on the stock. BNP Paribas initiated coverage on shares of B&M European Value Retail in a report on Friday. They set an “outperform” rating and a 660.00 price objective for the company. Citigroup cut their price objective on shares of B&M European Value Retail from GBX 540 ($6.80) to GBX 510 ($6.42) and set a “buy” rating for the company in a report on Friday. Bank Of America (Bofa) initiated coverage on shares of B&M European Value Retail in a report on Friday. They set a “buy” rating and a 675.00 price objective for the company. Finally, Canaccord Genuity Group cut their price objective on shares of B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and an average price target of GBX 568.79 ($7.16).

B&M European Value Retail Stock Performance

LON BME traded up GBX 7.30 ($0.09) on Friday, reaching GBX 346.30 ($4.36). 5,004,899 shares of the stock were exchanged, compared to its average volume of 4,232,208. B&M European Value Retail has a one year low of GBX 324.80 ($4.09) and a one year high of GBX 618.20 ($7.78). The firm has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The company’s 50-day simple moving average is GBX 400.18 and its two-hundred day simple moving average is GBX 450.55. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86.

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 dated Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,917.76). 4.22% of the stock is currently 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.