Shares of B&M European Value Retail S.A. (LON:BME – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 400.90 ($5.21) and last traded at GBX 401.90 ($5.22), with a volume of 3999548 shares trading hands. The stock had previously closed at GBX 405.70 ($5.27).
Analysts Set New Price Targets
Several equities analysts recently issued reports on BME shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 ($7.79) target price on shares of B&M European Value Retail in a research note on Tuesday, July 16th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of B&M European Value Retail in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 587.67 ($7.63).
View Our Latest Analysis on B&M European Value Retail
B&M European Value Retail Trading Down 0.3 %
Insider Transactions at B&M European Value Retail
In related news, insider Alex Russo sold 8,602 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.51), for a total value of £36,472.48 ($47,354.56). Corporate insiders own 4.22% of the company’s stock.
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.
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