B&M European Value Retail (LON:BME) Coverage Initiated at Panmure Gordon

Equities researchers at Panmure Gordon started coverage on shares of B&M European Value Retail (LON:BME) in a research note issued to investors on Friday. The brokerage set a “buy” rating and a 685.00 price target on the stock.

Several other brokerages have also issued reports on BME. Citigroup dropped their target price on 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 research report on Friday. Canaccord Genuity Group dropped their price objective on 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 assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 568.79 ($7.16).

B&M European Value Retail Trading Up 2.2 %

Shares of B&M European Value Retail stock traded up GBX 7.30 ($0.09) during trading on Friday, hitting GBX 346.30 ($4.36). The stock had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. B&M European Value Retail has a 12 month low of GBX 324.80 ($4.09) and a 12 month high of GBX 618.20 ($7.78). The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The firm’s fifty day simple moving average is GBX 400.18 and its 200-day simple moving average is GBX 450.55. The stock has a market cap of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05.

Insider Buying and Selling at B&M European Value Retail

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 shares were sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). Insiders own 4.22% of the company’s stock.

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.