B&M European Value Retail (LON:BME – Free Report) had its price objective cut by Citigroup from GBX 456 ($6.12) to GBX 361 ($4.85) in a research note published on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.
Other equities analysts have also issued research reports about the stock. Shore Capital reaffirmed a “no recommendation” rating on shares of B&M European Value Retail in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on B&M European Value Retail from GBX 281 ($3.77) to GBX 207 ($2.78) and set an “underweight” rating for the company in a report on Wednesday. Canaccord Genuity Group restated a “buy” rating and set a GBX 490 ($6.58) price objective on shares of B&M European Value Retail in a report on Monday, June 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 410 ($5.50) price target on shares of B&M European Value Retail in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 505.07 ($6.78).
View Our Latest Stock Analysis on B&M European Value Retail
B&M European Value Retail Trading Up 1.8%
Shares of BME opened at GBX 236.70 ($3.18) on Wednesday. The stock has a fifty day moving average of GBX 290.55 and a two-hundred day moving average of GBX 299.48. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The company has a market capitalization of £2.38 billion, a PE ratio of 5.66 and a beta of 1.05. B&M European Value Retail has a fifty-two week low of GBX 220.80 ($2.96) and a fifty-two week high of GBX 475.80 ($6.39).
B&M European Value Retail (LON:BME – Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) EPS for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. As a group, analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current year.
Insider Buying and Selling
In other news, insider Hounaïda Lasry bought 7,600 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of GBX 262 ($3.52) per share, for a total transaction of £19,912 ($26,727.52). Also, insider Tjeerd Jegen acquired 37,500 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of GBX 270 ($3.62) per share, with a total value of £101,250 ($135,906.04). In the last 90 days, insiders have acquired 160,500 shares of company stock valued at $42,621,400. 4.22% of the stock is owned by insiders.
About B&M European Value Retail
(Get Free Report)
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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