B&M European Value Retail (LON:BME) PT Set at 660.00 by Goodbody

B&M European Value Retail (LON:BME) received a 660.00 price target from research analysts at Goodbody in a report issued on Friday. The firm presently has a “buy” rating on the stock.

Several other analysts also recently commented on BME. 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 on the stock in a research note on Friday. Panmure Gordon assumed coverage on B&M European Value Retail in a research note on Friday. They issued a “buy” rating and a 685.00 price target on the stock. Bank Of America (Bofa) assumed coverage on B&M European Value Retail in a research note on Friday. They issued a “buy” rating and a 675.00 price target on the stock. Citigroup dropped their price target on B&M European Value Retail from GBX 540 ($6.80) to GBX 510 ($6.42) and set a “buy” rating on the stock in a research note on Friday. Finally, BNP Paribas assumed coverage on B&M European Value Retail in a research note on Friday. They issued an “outperform” rating and a 660.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 568.79 ($7.16).

B&M European Value Retail Trading Up 2.2 %

Shares of BME stock traded up GBX 7.30 ($0.09) during trading hours on Friday, reaching GBX 346.30 ($4.36). The company had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. The company has a 50 day moving average of GBX 400.18 and a 200 day moving average of GBX 450.55. 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 has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a 1-year low of GBX 324.80 ($4.09) and a 1-year high of GBX 618.20 ($7.78).

Insider Buying and Selling at B&M European Value Retail

In other 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 transaction of £36,472.48 ($45,917.76). Company insiders own 4.22% of the company’s stock.

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.