Citigroup Lowers B&M European Value Retail (LON:BME) Price Target to GBX 361

B&M European Value Retail (LON:BME) had its price target decreased by analysts at Citigroup from GBX 456 ($6.12) to GBX 361 ($4.85) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 55.82% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 490 ($6.58) price objective on shares of B&M European Value Retail in a research note on Monday, June 9th. JPMorgan Chase & Co. lowered their price objective on shares of B&M European Value Retail from GBX 281 ($3.77) to GBX 207 ($2.78) and set an “underweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 410 ($5.51) target price on shares of B&M European Value Retail in a research report on Tuesday. Finally, Shore Capital reiterated a “no recommendation” rating on shares of B&M European Value Retail in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 505.07 ($6.78).

B&M European Value Retail Price Performance

LON:BME opened at GBX 231.68 ($3.11) on Wednesday. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 52 week low of GBX 220.80 ($2.96) and a 52 week high of GBX 475.80 ($6.39). The business’s 50-day simple moving average is GBX 292.52 and its two-hundred day simple moving average is GBX 300.37. The stock has a market cap of £2.33 billion, a PE ratio of 5.54 and a beta of 1.05.

B&M European Value Retail (LON:BME) last released its earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) 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, analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Transactions at B&M European Value Retail

In other news, insider Hounaïda Lasry acquired 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average price of GBX 262 ($3.52) per share, with a total value of £19,912 ($26,738.28). Also, insider Tjeerd Jegen bought 37,500 shares of the stock in a transaction on Friday, June 13th. The stock was purchased at an average price of GBX 270 ($3.63) per share, with a total value of £101,250 ($135,960.79). Insiders have purchased a total of 160,500 shares of company stock valued at $42,621,400 in the last quarter. 4.22% 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.