B&M European Value Retail (LON:BME) Given a 640.00 Price Target at HSBC

B&M European Value Retail (LON:BME) has been assigned a 640.00 price objective by analysts at HSBC in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock.

BME has been the topic of several other reports. Panmure Gordon began coverage on shares of B&M European Value Retail in a report on Friday. They issued a “buy” rating and a 685.00 price objective on the stock. 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. Peel Hunt set a 650.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a report on Friday. Citigroup cut their price objective on shares of B&M European Value Retail from GBX 540 ($6.80) to GBX 510 ($6.42) and set a “buy” rating on the stock in a report on Friday. Finally, Bank Of America (Bofa) assumed coverage on shares of B&M European Value Retail in a report on Friday. They issued a “buy” rating and a 675.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on 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 Trading Up 2.2 %

Shares of BME traded up GBX 7.30 ($0.09) on Friday, reaching GBX 346.30 ($4.36). 5,004,899 shares of the company’s stock were exchanged, compared to its average volume of 4,232,208. The business has a 50 day moving average price of GBX 400.18 and a two-hundred day moving average price of GBX 450.55. B&M European Value Retail has a 12 month low of GBX 324.80 ($4.09) and a 12 month high of GBX 618.20 ($7.78). The stock has a market capitalization of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,917.76). Corporate 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.