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 earned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 457.75 ($6.09).

A number of equities research analysts recently issued reports on BME shares. Canaccord Genuity Group dropped 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. Shore Capital reiterated a “not rated” rating on shares of B&M European Value Retail in a research report on Tuesday, April 15th. Finally, Citigroup reiterated a “buy” rating and set a GBX 456 ($6.06) target price on shares of B&M European Value Retail in a research report on Friday, March 28th.

Insiders Place Their Bets

In other news, insider Oliver Tant purchased 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of GBX 285 ($3.79) per share, with a total value of £21,375 ($28,424.20). Company insiders own 4.22% of the company’s stock.

B&M European Value Retail Price Performance

LON:BME opened at GBX 343.34 ($4.57) on Friday. The company has a market capitalization of £3.46 billion, a price-to-earnings ratio of 8.21 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The company has a 50-day moving average of GBX 301.61 and a 200-day moving average of GBX 323.06. B&M European Value Retail has a 52 week low of GBX 254.60 ($3.39) and a 52 week high of GBX 556.60 ($7.40).

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.