B&M European Value Retail (LON:BME) Price Target Cut to GBX 235 by Analysts at Deutsche Bank Aktiengesellschaft

B&M European Value Retail (LON:BME) had its price target trimmed by Deutsche Bank Aktiengesellschaft from GBX 250 to GBX 235 in a research note released on Wednesday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Peel Hunt reissued an “add” rating and set a GBX 200 price target on shares of B&M European Value Retail in a research report on Thursday. JPMorgan Chase & Co. reduced their price target 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. Shore Capital reaffirmed a “buy” rating on shares of B&M European Value Retail in a report on Thursday. Canaccord Genuity Group decreased their target price on shares of B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Finally, Berenberg Bank lowered their price target on B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating for the company in a report on Thursday, October 9th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, B&M European Value Retail has an average rating of “Moderate Buy” and a consensus target price of GBX 291.11.

B&M European Value Retail Stock Up 0.6%

LON BME traded up GBX 0.92 during trading hours on Wednesday, reaching GBX 164.92. 11,142,426 shares of the company’s stock were exchanged, compared to its average volume of 13,038,524. B&M European Value Retail has a one year low of GBX 155.60 and a one year high of GBX 401. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The company’s 50-day moving average is GBX 219.65 and its two-hundred day moving average is GBX 255.23. The company has a market capitalization of £1.66 billion, a price-to-earnings ratio of 5.19 and a beta of 1.05.

B&M European Value Retail (LON:BME) last announced its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. On average, analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Buying and Selling

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 79,500 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price of GBX 250 per share, for a total transaction of £198,750. Insiders bought 257,380 shares of company stock worth $62,468,940 in the last three months. 22.78% 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.