B&M European Value Retail (LON:BME – Get Free Report) had its target price boosted by equities research 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 price target indicates a potential upside of 23.09% from the stock’s current price.
BME has been the topic of several other research reports. Jefferies Financial Group upped their target price on B&M European Value Retail from GBX 180 to GBX 240 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Shore Capital Group reissued a “hold” rating and issued a GBX 215 price objective on shares of B&M European Value Retail in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 218.75.
Check Out Our Latest Stock Report on BME
B&M European Value Retail Stock Down 1.6%
LON:BME opened at GBX 276.21 on Tuesday. B&M European Value Retail has a twelve month low of GBX 140 and a twelve month high of GBX 287.20. The firm has a market capitalization of £2.78 billion, a price-to-earnings ratio of 16.95 and a beta of 1.10. The company has a quick ratio of 0.38, a current ratio of 1.42 and a debt-to-equity ratio of 306.52. The stock’s 50 day moving average price is GBX 248.88 and its two-hundred day moving average price is GBX 201.67.
Insiders Place Their Bets
In related news, insider Tjeerd Jegen purchased 146,910 shares of the stock in a transaction that occurred on Monday, September 7th. The shares were bought at an average price of GBX 233 per share, with a total value of £342,300.30. Also, insider Peter Waterhouse sold 3,715 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of GBX 234, for a total value of £8,693.10. 22.80% of the stock is 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.
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