B&M European Value Retail (LON:BME) Releases Earnings Results

B&M European Value Retail (LON:BME) announced its quarterly earnings results on Wednesday. The company reported GBX 31.80 ($0.43) earnings per share for the quarter, Digital Look Earnings reports. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%.

B&M European Value Retail Price Performance

Shares of BME opened at GBX 280.20 ($3.80) on Thursday. The stock has a market capitalization of £2.82 billion, a P/E ratio of 6.70 and a beta of 1.05. B&M European Value Retail has a twelve month low of GBX 254.60 ($3.45) and a twelve month high of GBX 505 ($6.84). The company has a 50 day moving average of GBX 318.92 and a 200-day moving average of GBX 319.20. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BME shares. Citigroup reiterated a “buy” rating and issued a GBX 456 ($6.18) price target on shares of B&M European Value Retail in a research report on Friday, March 28th. Shore Capital reiterated a “not rated” rating on shares of B&M European Value Retail in a research report on Tuesday, April 15th. Finally, Canaccord Genuity Group lowered their target price on B&M European Value Retail from GBX 545 ($7.39) to GBX 490 ($6.64) and set a “buy” rating for the company in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 538.76 ($7.30).

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.