B&M European Value Retail (LON:BME) Insider Tjeerd Jegen Purchases 79,500 Shares of Stock

B&M European Value Retail S.A. (LON:BME) insider Tjeerd Jegen acquired 79,500 shares of B&M European Value Retail stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of GBX 250 per share, with a total value of £198,750.

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 shares were purchased at an average cost of GBX 228 per share, with a total value of £99,134.40.
• On Wednesday, September 3rd, Tjeerd Jegen acquired 22,500 shares of B&M European Value Retail stock. The shares were purchased at an average cost of GBX 231 per share, with a total value of £51,975.
• On Friday, June 13th, Tjeerd Jegen acquired 37,500 shares of B&M European Value Retail stock. The shares were purchased at an average cost of GBX 270 per share, with a total value of £101,250.
• On Friday, June 13th, Tjeerd Jegen acquired 40,000 shares of B&M European Value Retail stock. The shares were purchased at an average cost of GBX 268 per share, with a total value of £107,200.
• On Friday, June 13th, Tjeerd Jegen acquired 30,400 shares of B&M European Value Retail stock. The shares were purchased at an average cost of GBX 263 per share, with a total value of £79,952.
• On Friday, June 13th, Tjeerd Jegen acquired 45,000 shares of B&M European Value Retail stock. The shares were purchased at an average cost of GBX 262 per share, with a total value of £117,900.

B&M European Value Retail Price Performance

Shares of LON:BME opened at GBX 242.23 on Friday. The company has a 50 day moving average of GBX 237.07 and a 200 day moving average of GBX 275.67. The stock has a market cap of £2.43 billion, a P/E ratio of 761.74 and a beta of 1.05. B&M European Value Retail S.A. has a 12 month low of GBX 216.40 and a 12 month high of GBX 434.30. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

Wall Street Analysts Forecast Growth

BME has been the subject of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 490 price target on shares of B&M European Value Retail in a research note on Monday, June 9th. Citigroup cut their price target 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 410 price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Shore Capital initiated coverage on shares of B&M European Value Retail in a research note on Tuesday, September 2nd. They issued a “hold” rating and a GBX 250 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of B&M European Value Retail from GBX 281 to GBX 207 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 380.50.

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.