B&M European Value Retail (LON:BME) Price Target Lowered to GBX 175 at Jefferies Financial Group

B&M European Value Retail (LON:BME) had its target price cut by research analysts at Jefferies Financial Group from GBX 260 to GBX 175 in a note issued to investors on Thursday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 4.87% from the company’s current price.

Several other research analysts also recently commented on BME. Shore Capital reissued a “buy” rating on shares of B&M European Value Retail in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft decreased 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. Peel Hunt reiterated an “add” rating and issued a GBX 200 target price on shares of B&M European Value Retail in a research report on Thursday, November 13th. Canaccord Genuity Group dropped their price target on B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average target price of GBX 281.11.

B&M European Value Retail Stock Performance

LON:BME traded up GBX 1.02 on Thursday, reaching GBX 166.87. 4,459,330 shares of the company’s stock were exchanged, compared to its average volume of 15,265,451. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The firm has a market cap of £1.68 billion, a price-to-earnings ratio of 5.25 and a beta of 1.05. B&M European Value Retail has a 52 week low of GBX 154 and a 52 week high of GBX 378.50. The stock has a fifty day simple moving average of GBX 211.76 and a 200-day simple moving average of GBX 249.07.

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 net margin of 5.81% and a return on equity of 43.85%. As a group, sell-side analysts predict that B&M European Value Retail will post 38.4814815 earnings per share for the current year.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Tjeerd Jegen bought 31,850 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of GBX 155 per share, for a total transaction of £49,367.50. Insiders have bought 352,330 shares of company stock worth $77,470,440 in the last ninety days. Corporate insiders own 22.78% of the company’s stock.

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.