B&M European Value Retail S.A. (LON:BME – Get Free Report)’s stock price reached a new 52-week high during trading on Friday. The company traded as high as GBX 266.40 and last traded at GBX 266, with a volume of 969,053 shares changing hands. The stock had previously closed at GBX 257.
Analyst Upgrades and Downgrades
BME has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 180 price objective on shares of B&M European Value Retail in a report on Wednesday, July 1st. Shore Capital Group reiterated a “hold” rating and set a GBX 215 target price on shares of B&M European Value Retail in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 206.25.
Check Out Our Latest Research Report on B&M European Value Retail
B&M European Value Retail Stock Up 3.0%
Insider Activity at B&M European Value Retail
In other news, insider Peter Waterhouse sold 3,715 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of GBX 234, for a total transaction of £8,693.10. Also, insider Tjeerd Jegen acquired 146,910 shares of the stock in a transaction that occurred on Monday, September 7th. The shares were bought at an average price of GBX 233 per share, for a total transaction of £342,300.30. 22.80% of the stock is owned by 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.
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