B&M European Value Retail (LON:BME) PT Raised to GBX 550

B&M European Value Retail (LON:BME) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from GBX 513 ($6.30) to GBX 550 ($6.75) in a research note issued on Thursday, Marketbeat.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.34% from the stock’s previous close.

Several other research firms have also recently commented on BME. Berenberg Bank lowered their target price on B&M European Value Retail from GBX 645 ($7.92) to GBX 630 ($7.74) and set a “buy” rating for the company in a research note on Tuesday. Shore Capital raised B&M European Value Retail to a “buy” rating in a research note on Wednesday, September 6th. Finally, The Goldman Sachs Group cut B&M European Value Retail to an “underweight” rating and set a GBX 513 ($6.30) price objective for the company. in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 526.86 ($6.47).

B&M European Value Retail Stock Up 0.9 %

LON BME opened at GBX 537.40 ($6.60) on Thursday. The stock has a fifty day moving average of GBX 556.96 and a 200-day moving average of GBX 544.05. The stock has a market capitalization of £5.37 billion, a P/E ratio of 1,533.14 and a beta of 1.13. B&M European Value Retail has a 52 week low of GBX 385.90 ($4.74) and a 52 week high of GBX 592.60 ($7.28). The company has a debt-to-equity ratio of 313.19, a quick ratio of 0.38 and a current ratio of 1.29.

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 Luxembourg, Luxembourg.