JPMorgan Chase & Co. Has Lowered Expectations for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its price target decreased by analysts at JPMorgan Chase & Co. from GBX 281 ($3.77) to GBX 207 ($2.78) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 10.65% from the stock’s current price.

Several other equities analysts also recently commented on BME. Citigroup reissued a “buy” rating and issued a GBX 456 ($6.12) price objective on shares of B&M European Value Retail in a research note on Friday, March 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 490 ($6.58) target price on shares of B&M European Value Retail in a research report on Monday, June 9th. Shore Capital reaffirmed a “no recommendation” rating on shares of B&M European Value Retail in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reiterated 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 505.07 ($6.78).

B&M European Value Retail Stock Up 1.5%

Shares of LON BME opened at GBX 231.68 ($3.11) on Wednesday. The stock has a market capitalization of £2.33 billion, a P/E ratio of 5.54 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. 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 stock’s fifty day moving average is GBX 292.52 and its 200 day moving average is GBX 300.37.

B&M European Value Retail (LON:BME) last announced its quarterly earnings data on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) earnings per share (EPS) for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. Sell-side analysts forecast that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tjeerd Jegen acquired 37,500 shares of the stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of GBX 270 ($3.63) per share, with a total value of £101,250 ($135,960.79). Also, insider Hounaïda Lasry bought 7,600 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of GBX 262 ($3.52) per share, for a total transaction of £19,912 ($26,738.28). Insiders have acquired a total of 160,500 shares of company stock valued at $42,621,400 in the last 90 days. 4.22% of the stock is currently owned by company insiders.

About B&M European Value Retail

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.