Brokerages Set B&M European Value Retail S.A. (LON:BME) Price Target at GBX 221.63

Shares of B&M European Value Retail S.A. (LON:BME) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 213.13.

BME has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on B&M European Value Retail from GBX 163 to GBX 170 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating for the company in a report on Friday, January 23rd. Canaccord Genuity Group reduced their price target on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating for the company in a report on Friday, January 23rd. Berenberg Bank dropped their price objective on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a report on Thursday, December 4th. Finally, Citigroup cut their price objective on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research report on Tuesday, October 21st.

B&M European Value Retail Price Performance

Shares of LON:BME opened at GBX 172.65 on Wednesday. The company’s fifty day moving average is GBX 165.58 and its two-hundred day moving average is GBX 202.16. The company has a market cap of £1.74 billion, a P/E ratio of 6.99 and a beta of 1.05. B&M European Value Retail has a 12-month low of GBX 154 and a 12-month high of GBX 350. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77.

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

Insider Activity

In other B&M European Value Retail news, insider Tjeerd Jegen acquired 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average cost of GBX 164 per share, for a total transaction of £47,560. Over the last three months, insiders have acquired 123,950 shares of company stock valued at $19,757,500. 22.79% of the stock is currently owned by 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.