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

B&M European Value Retail (LON:BME) received a 640.00 target price from investment analysts at HSBC in a report released on Friday. The firm presently has a “buy” rating on the stock.

Several other equities research analysts have also issued reports on the stock. Peel Hunt set a 650.00 price target on shares of B&M European Value Retail and gave the company a “buy” rating in a report on Friday. Citigroup decreased their price target on shares of B&M European Value Retail from GBX 540 ($6.80) to GBX 510 ($6.42) and set a “buy” rating for the company in a research note on Friday. Goodbody set a 660.00 target price on shares of B&M European Value Retail and gave the stock a “buy” rating in a research note on Friday. Panmure Gordon initiated coverage on shares of B&M European Value Retail in a research note on Friday. They issued a “buy” rating and a 685.00 target price for the company. Finally, Canaccord Genuity Group reduced their price target 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 report on Friday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 568.79 ($7.16).

B&M European Value Retail Stock Performance

B&M European Value Retail stock traded up GBX 7.30 ($0.09) during midday trading on Friday, hitting 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 debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The company has a 50-day moving average price of GBX 400.18 and a two-hundred day moving average price of GBX 450.55. The company has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05.

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 firm’s 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 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.