B&M European Value Retail (LON:BME) Given New GBX 245 Price Target at Canaccord Genuity Group

B&M European Value Retail (LON:BME) had its price objective lowered by Canaccord Genuity Group from GBX 395 to GBX 245 in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also weighed in on BME. Berenberg Bank cut their price objective on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Jefferies Financial Group cut their price objective on shares of B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a report on Monday, October 13th. Peel Hunt reiterated an “add” rating and issued a GBX 250 target price on shares of B&M European Value Retail in a report on Monday. Finally, Shore Capital cut their target price on shares of B&M European Value Retail from GBX 300 to GBX 230 and set a “buy” rating on the stock in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 298.33.

B&M European Value Retail Price Performance

BME opened at GBX 182.35 on Wednesday. B&M European Value Retail has a one year low of GBX 162.05 and a one year high of GBX 409.80. 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 company’s 50 day simple moving average is GBX 237.51 and its 200-day simple moving average is GBX 269.25. The stock has a market capitalization of £1.83 billion, a P/E ratio of 5.73 and a beta of 1.05.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Tjeerd Jegen bought 79,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of GBX 250 per share, with a total value of £198,750. Insiders have acquired a total of 257,380 shares of company stock valued at $62,468,940 over the last ninety days. 22.78% of the stock is currently owned by company 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.