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

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

Several other research firms also recently commented on BME. Royal Bank of Canada assumed coverage on shares of B&M European Value Retail in a research report on Monday, November 18th. They issued an “outperform” rating and a 500.00 price target for the company. BNP Paribas assumed coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They issued an “outperform” rating and a 660.00 target price for the company. Panmure Gordon assumed coverage on shares of B&M European Value Retail in a research note on Wednesday, October 2nd. They set a “buy” rating and a 685.00 target price for the company. Redburn Atlantic set a 500.00 price target on B&M European Value Retail and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft set a 620.00 price objective on B&M European Value Retail and gave the company a “buy” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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 stock has a market cap of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a twelve month low of GBX 324.80 ($4.07) and a twelve month high of GBX 618.20 ($7.75). The stock has a 50 day moving average of GBX 398.66 and a two-hundred day moving average of GBX 449.36. 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 Transactions at B&M European Value Retail

In other news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.32), for a total transaction of £36,472.48 ($45,722.05). Corporate insiders own 4.22% of the company’s stock.

B&M European Value Retail Company Profile

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.