B&M European Value Retail S.A. (LON:BME) Receives GBX 457.75 Average Price Target from Analysts

B&M European Value Retail S.A. (LON:BME) has been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 457.75 ($6.13).

A number of brokerages have recently issued reports on BME. Shore Capital reiterated a “not rated” rating on shares of B&M European Value Retail in a research report on Tuesday, April 15th. Citigroup reaffirmed a “buy” rating and issued a GBX 456 ($6.11) target price on shares of B&M European Value Retail in a research report on Friday, March 28th. Finally, Canaccord Genuity Group lowered their price objective on B&M European Value Retail from GBX 545 ($7.30) to GBX 490 ($6.56) and set a “buy” rating for the company in a research report on Tuesday, February 25th.

B&M European Value Retail Stock Performance

BME opened at GBX 340.70 ($4.56) on Friday. B&M European Value Retail has a 52-week low of GBX 254.60 ($3.41) and a 52-week high of GBX 556.60 ($7.45). The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The company has a market cap of £3.43 billion, a P/E ratio of 8.15 and a beta of 1.05. The firm’s 50-day moving average price is GBX 304.56 and its 200-day moving average price is GBX 322.85.

Insider Transactions at B&M European Value Retail

In related news, insider Oliver Tant bought 7,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of GBX 285 ($3.82) per share, with a total value of £21,375 ($28,625.95). 4.22% of the stock is 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.