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

Shares of B&M European Value Retail S.A. (LON:BME) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 587.67 ($7.76).

A number of equities research analysts have weighed in on BME shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 ($7.93) price objective on shares of B&M European Value Retail in a report on Tuesday, July 16th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of B&M European Value Retail in a research report on Friday, June 28th.

B&M European Value Retail Stock Down 1.1 %

Shares of LON:BME opened at GBX 425.10 ($5.62) on Friday. The company has a market cap of £4.25 billion, a price-to-earnings ratio of 1,161.89 and a beta of 1.05. B&M European Value Retail has a fifty-two week low of GBX 414.30 ($5.47) and a fifty-two week high of GBX 618.20 ($8.17). The firm’s 50-day simple moving average is GBX 446.46 and its 200-day simple moving average is GBX 490.09. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86.

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.60), for a total transaction of £36,472.48 ($48,180.29). 4.22% of the stock is currently owned by company 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.