BNP Paribas Initiates Coverage on B&M European Value Retail (LON:BME)

by · The Cerbat Gem

Research analysts at BNP Paribas started coverage on shares of B&M European Value Retail (LON:BME – Get Free Report) in a report released on Monday. The brokerage set an “outperform” rating and a 660.00 price target on the stock.

Other research analysts have also issued reports about the company. Panmure Gordon began coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 target price on the stock. Canaccord Genuity Group reduced their price objective 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 note on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, B&M European Value Retail currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 562.89 ($7.09).

View Our Latest Report on BME

B&M European Value Retail Stock Up 2.2 %

Shares of BME traded up GBX 7.30 ($0.09) during mid-day trading on Monday, reaching GBX 346.30 ($4.36). The company’s stock had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. 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). 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 company has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. The business has a fifty day moving average of GBX 400.18 and a 200 day moving average of GBX 450.55.

Insider Buying and Selling

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the stock in a transaction dated Wednesday, September 11th. The stock was 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 insiders.

B&M European Value Retail Company Profile

(Get Free Report)

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.

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