B&M European Value Retail (LON:BME) Insider Tjeerd Jegen Acquires 22,500 Shares

B&M European Value Retail S.A. (LON:BME) insider Tjeerd Jegen acquired 22,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was purchased at an average cost of GBX 231 per share, for a total transaction of £51,975.

Tjeerd Jegen also recently made the following trade(s):

• On Tuesday, September 2nd, Tjeerd Jegen acquired 43,480 shares of B&M European Value Retail stock. The stock was purchased at an average cost of GBX 228 per share, for a total transaction of £99,134.40.
• On Friday, June 13th, Tjeerd Jegen acquired 37,500 shares of B&M European Value Retail stock. The stock was purchased at an average cost of GBX 270 per share, for a total transaction of £101,250.
• On Friday, June 13th, Tjeerd Jegen acquired 40,000 shares of B&M European Value Retail stock. The stock was purchased at an average cost of GBX 268 per share, for a total transaction of £107,200.
• On Friday, June 13th, Tjeerd Jegen acquired 30,400 shares of B&M European Value Retail stock. The stock was purchased at an average cost of GBX 263 per share, for a total transaction of £79,952.
• On Friday, June 13th, Tjeerd Jegen acquired 45,000 shares of B&M European Value Retail stock. The stock was purchased at an average cost of GBX 262 per share, for a total transaction of £117,900.

B&M European Value Retail Stock Up 2.8%

BME stock opened at GBX 240.20 on Friday. The firm has a 50 day moving average of GBX 239.98 and a 200 day moving average of GBX 276.95. The stock has a market capitalization of £2.41 billion, a PE ratio of 755.35 and a beta of 1.05. 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 S.A. has a 52 week low of GBX 216.40 and a 52 week high of GBX 439.90.

B&M European Value Retail (LON:BME) last released its earnings results on Wednesday, June 4th. The company reported GBX 31.80 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 S.A. will post 38.4814815 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BME shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 410 price objective on shares of B&M European Value Retail in a research note on Tuesday, July 15th. JPMorgan Chase & Co. cut their price objective on shares of B&M European Value Retail from GBX 281 to GBX 207 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 490 target price on shares of B&M European Value Retail in a research note on Monday, June 9th. Citigroup decreased their target price on shares of B&M European Value Retail from GBX 456 to GBX 361 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Finally, Shore Capital began coverage on shares of B&M European Value Retail in a research note on Tuesday. They issued a “hold” rating and a GBX 250 target price for the company. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 380.50.

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.