B&M European Value Retail (LON:BME) Price Target Lowered to GBX 163 at JPMorgan Chase & Co.

B&M European Value Retail (LON:BME) had its price target decreased by JPMorgan Chase & Co. from GBX 205 to GBX 163 in a report released on Friday, MarketBeat reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other analysts have also issued reports about the stock. Peel Hunt reiterated an “add” rating and set a GBX 200 target price on shares of B&M European Value Retail in a report on Thursday, November 13th. Shore Capital reaffirmed a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, November 13th. Jefferies Financial Group dropped their price objective on shares of B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Berenberg Bank cut their target price on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 221.63.

B&M European Value Retail Stock Performance

LON BME opened at GBX 166.75 on Friday. B&M European Value Retail has a 12-month low of GBX 154 and a 12-month high of GBX 378.50. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The company has a 50-day simple moving average of GBX 191.21 and a two-hundred day simple moving average of GBX 235.44. The firm has a market cap of £1.68 billion, a price-to-earnings ratio of 6.75 and a beta of 1.05.

B&M European Value Retail (LON:BME) last posted its quarterly earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. On average, equities analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insider Activity at B&M European Value Retail

In related news, insider Tjeerd Jegen acquired 79,500 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of GBX 250 per share, with a total value of £198,750. Insiders bought a total of 315,350 shares of company stock valued at $67,115,500 over the last 90 days. 22.79% of the stock is owned by company insiders.

B&M European Value Retail Company Profile

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.