B&M European Value Retail S.A. (LON:BME) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of B&M European Value Retail S.A. (LON:BME) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 471.20 ($6.27).

A number of brokerages have recently issued reports on BME. Shore Capital reaffirmed a “not rated” rating on shares of B&M European Value Retail in a report on Tuesday, April 15th. Canaccord Genuity Group cut their target price on shares of B&M European Value Retail from GBX 545 ($7.25) to GBX 490 ($6.52) and set a “buy” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on B&M European Value Retail from GBX 349 ($4.64) to GBX 320 ($4.26) and set an “underweight” rating on the stock in a report on Monday, January 13th. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 456 ($6.07) price objective on shares of B&M European Value Retail in a report on Friday, March 28th.

B&M European Value Retail Stock Up 2.8 %

BME stock opened at GBX 322.80 ($4.29) on Monday. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. B&M European Value Retail has a 1-year low of GBX 254.60 ($3.39) and a 1-year high of GBX 556.60 ($7.40). The stock has a market capitalization of £3.25 billion, a P/E ratio of 7.72 and a beta of 1.05. The business has a fifty day moving average price of GBX 281.81 and a 200-day moving average price of GBX 334.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Oliver Tant purchased 7,500 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of GBX 285 ($3.79) per share, with a total value of £21,375 ($28,431.76). 4.22% of the stock is 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.