B&M European Value Retail (LON:BME) PT Set at 358.00 by Morgan Stanley

B&M European Value Retail (LON:BME) received a 358.00 price objective from investment analysts at Morgan Stanley in a research report issued to clients and investors on Monday. The brokerage presently has an “underweight” rating on the stock.

A number of other brokerages also recently commented on BME. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group dropped their price objective on B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating on the stock in a research note on Friday. BNP Paribas initiated coverage on B&M European Value Retail in a research report on Monday. They issued an “outperform” rating and a 660.00 price objective for the company. HSBC set a 640.00 target price on B&M European Value Retail and gave the stock a “buy” rating in a report on Monday. Finally, Investec set a 495.00 price target on B&M European Value Retail and gave the company a “hold” rating in a report on Wednesday, October 30th. Two equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 562.89 ($7.09).

B&M European Value Retail Stock Up 2.2 %

Shares of LON:BME traded up GBX 7.30 ($0.09) during midday trading on Monday, hitting GBX 346.30 ($4.36). The stock had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. The company 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 12 month low of GBX 324.80 ($4.09) and a 12 month high of GBX 618.20 ($7.78). The business’s 50-day simple moving average is GBX 400.18 and its 200-day simple moving average is GBX 450.55. 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 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 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.