Berenberg Bank Issues Positive Forecast for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its price objective lifted by analysts at Berenberg Bank from GBX 290 to GBX 340 in a research note issued on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s target price suggests a potential upside of 23.09% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Shore Capital Group restated a “hold” rating and set a GBX 215 price target on shares of B&M European Value Retail in a research report on Wednesday, July 15th. Jefferies Financial Group boosted their price objective on shares of B&M European Value Retail from GBX 180 to GBX 240 and gave the stock a “hold” rating in a report on Thursday, October 22nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, B&M European Value Retail presently has an average rating of “Hold” and a consensus price target of GBX 218.75.

B&M European Value Retail Price Performance

Shares of B&M European Value Retail stock opened at GBX 276.21 on Tuesday. The firm has a market cap of £2.78 billion, a PE ratio of 16.95 and a beta of 1.10. The company’s fifty day simple moving average is GBX 248.88 and its two-hundred day simple moving average is GBX 201.67. The company has a quick ratio of 0.38, a current ratio of 1.42 and a debt-to-equity ratio of 306.52. B&M European Value Retail has a 12-month low of GBX 140 and a 12-month high of GBX 287.20.

Insider Transactions at B&M European Value Retail

In other news, insider Peter Waterhouse sold 3,715 shares of B&M European Value Retail stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of GBX 234, for a total value of £8,693.10. Also, insider Tjeerd Jegen acquired 146,910 shares of the company’s stock in a transaction on Monday, September 7th. The shares were purchased at an average cost of GBX 233 per share, with a total value of £342,300.30. 22.80% of the stock is currently owned by company 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.