B&M European Value Retail (LON:BME) Given a 640.00 Price Target at HSBC

B&M European Value Retail (LON:BME) has been given a 640.00 price target by HSBC in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock.

Other analysts also recently issued research reports about the stock. Goodbody set a 660.00 price objective on shares of B&M European Value Retail and gave the stock a “buy” rating in a research note on Monday, July 29th. Canaccord Genuity Group decreased their price target 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 research note on Friday. Panmure Gordon started coverage on B&M European Value Retail in a research note on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 target price on the stock. Finally, BNP Paribas started coverage on shares of B&M European Value Retail in a report on Monday. They issued an “outperform” rating and a 660.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 562.89 ($7.09).

B&M European Value Retail Trading Up 2.2 %

LON BME traded up GBX 7.30 ($0.09) during trading hours on Monday, hitting GBX 346.30 ($4.36). 5,004,899 shares of the company were exchanged, compared to its average volume of 4,232,208. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.09) and a 52 week high of GBX 618.20 ($7.78). 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 stock has a 50-day moving average price of GBX 400.18 and a 200 day moving average price of 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 Activity at B&M European Value Retail

In related news, insider Alex Russo sold 8,602 shares of the 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 value of £36,472.48 ($45,917.76). 4.22% of the stock is currently owned by corporate 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.