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

B&M European Value Retail (LON:BME) has been assigned a 650.00 price objective by equities researchers at Peel Hunt in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock.

Several other analysts have also commented on the stock. Canaccord Genuity Group decreased their price target 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 research report on Friday. BNP Paribas began 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 on the stock. Panmure Gordon began coverage on shares of B&M European Value Retail in a report on Friday. They set a “buy” rating and a 685.00 price objective on the stock. Bank Of America (Bofa) began 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 on the stock. Finally, Goodbody set a 660.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a report on Friday. Two equities research 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.com, B&M European Value Retail currently has an average rating of “Moderate Buy” and an average target price of GBX 568.79 ($7.16).

B&M European Value Retail Stock Up 2.2 %

Shares of BME stock traded up GBX 7.30 ($0.09) during mid-day trading on Friday, hitting GBX 346.30 ($4.36). 5,004,899 shares of the stock traded hands, compared to its average volume of 4,232,208. The stock has a market cap of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. The stock’s fifty day moving average is GBX 400.18 and its two-hundred day moving average is GBX 450.55. 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 debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

Insider Activity

In other news, insider Alex Russo sold 8,602 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was 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.

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.