The Goldman Sachs Group Initiates Coverage on B&M European Value Retail (LON:BME)

Research analysts at The Goldman Sachs Group began coverage on shares of B&M European Value Retail (LON:BME) in a note issued to investors on Friday. The brokerage set a “buy” rating and a 475.00 price target on the stock.

A number of other research firms have also recently commented on BME. Barclays set a 570.00 price objective on B&M European Value Retail and gave the stock an “overweight” rating in a research report on Friday, October 18th. Panmure Gordon initiated coverage on shares of B&M European Value Retail in a report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price target for the company. Investec set a 495.00 price objective on shares of B&M European Value Retail and gave the company a “hold” rating in a research report on Wednesday, October 30th. 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 report on Monday, July 29th. Finally, Redburn Atlantic set a 500.00 price target on B&M European Value Retail and gave the company a “neutral” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 561.22 ($7.04).

B&M European Value Retail Price Performance

Shares of LON:BME opened at GBX 346.30 ($4.34) on Friday. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The business’s fifty day moving average price is GBX 398.66 and its two-hundred day moving average price is GBX 449.36. The stock has a market cap of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a one year low of GBX 324.80 ($4.07) and a one year high of GBX 618.20 ($7.75).

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 business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.32), for a total transaction of £36,472.48 ($45,722.05). 4.22% of the stock is currently 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.