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

B&M European Value Retail (LON:BME) released its quarterly earnings data on Thursday. The company reported GBX 7.20 earnings per share for the quarter, Digital Look Earnings reports. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%.

B&M European Value Retail Stock Up 0.6%

B&M European Value Retail stock traded up GBX 0.92 during midday trading on Thursday, reaching GBX 164.92. The stock had a trading volume of 11,142,426 shares, compared to its average volume of 13,038,524. The stock has a market capitalization of £1.66 billion, a P/E ratio of 5.19 and a beta of 1.05. The firm’s fifty day simple moving average is GBX 219.65 and its 200-day simple moving average is GBX 255.23. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. B&M European Value Retail has a 1-year low of GBX 155.60 and a 1-year high of GBX 401.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BME shares. JPMorgan Chase & Co. reduced their price target on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th. Berenberg Bank decreased their price target on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Peel Hunt reissued an “add” rating and issued a GBX 200 price target on shares of B&M European Value Retail in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group decreased their price objective on B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research report on Monday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 291.11.

Insider Activity at B&M European Value Retail

In related news, insider Tjeerd Jegen bought 79,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of GBX 250 per share, for a total transaction of £198,750. In the last three months, insiders have bought 257,380 shares of company stock worth $62,468,940. Corporate insiders own 22.78% of the company’s stock.

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.