B&M European Value Retail (LON:BME – Free Report) had its target price lowered by JPMorgan Chase & Co. from GBX 281 ($3.77) to GBX 207 ($2.78) in a report released on Wednesday morning, MarketBeat.com reports. The firm currently has an underweight rating on the stock.
Several other analysts have also weighed in on BME. Citigroup reaffirmed a “buy” rating and set a GBX 456 ($6.12) price objective on shares of B&M European Value Retail in a report on Friday, March 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 490 ($6.58) price target on shares of B&M European Value Retail in a report on Monday, June 9th. Shore Capital restated a “no recommendation” rating on shares of B&M European Value Retail in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 410 ($5.50) target price 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 assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, B&M European Value Retail has a consensus rating of “Moderate Buy” and an average price target of GBX 505.07 ($6.78).
View Our Latest Stock Report on BME
B&M European Value Retail Stock Performance
B&M European Value Retail stock opened at GBX 236.70 ($3.18) on Wednesday. The firm has a market capitalization of £2.38 billion, a P/E ratio of 5.66 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The stock has a fifty day moving average price of GBX 290.55 and a two-hundred day moving average price of GBX 299.48. B&M European Value Retail has a 52-week low of GBX 220.80 ($2.96) and a 52-week high of GBX 475.80 ($6.39).
B&M European Value Retail (LON:BME – Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) earnings per share (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 anticipate that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Tjeerd Jegen acquired 37,500 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of GBX 270 ($3.62) per share, for a total transaction of £101,250 ($135,906.04). Also, insider Hounaïda Lasry acquired 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average price of GBX 262 ($3.52) per share, with a total value of £19,912 ($26,727.52). Over the last ninety days, insiders have purchased 160,500 shares of company stock valued at $42,621,400. 4.22% of the stock is owned by insiders.
B&M European Value Retail Company Profile
(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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