B&M European Value Retail (LON:BME) Price Target Lowered to GBX 265 at Jefferies Financial Group

B&M European Value Retail (LON:BME) had its target price reduced by Jefferies Financial Group from GBX 305 to GBX 265 in a research report report published on Monday morning, MarketBeat reports. They currently have a hold rating on the stock.

A number of other equities research analysts also recently commented on BME. Canaccord Genuity Group decreased their target price on B&M European Value Retail from GBX 490 to GBX 395 and set a “buy” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 410 price target on shares of B&M European Value Retail in a report on Tuesday, July 15th. Shore Capital raised B&M European Value Retail to a “buy” rating and upped their target price for the stock from GBX 250 to GBX 300 in a research note on Thursday, October 9th. Finally, Berenberg Bank reduced their target price on B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating for the company in a research note on Thursday, October 9th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and an average target price of GBX 364.44.

B&M European Value Retail Trading Down 0.3%

B&M European Value Retail stock opened at GBX 229.40 on Monday. 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 200.20 and a 52 week high of GBX 413.62. The company has a market capitalization of £2.31 billion, a price-to-earnings ratio of 721.38 and a beta of 1.05. The stock has a 50-day moving average price of GBX 240.74 and a 200 day moving average price of GBX 272.81.

Insider Activity at B&M European Value Retail

In other news, insider Tjeerd Jegen purchased 50,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was purchased at an average cost of GBX 250 per share, for a total transaction of £126,000. Insiders purchased 257,380 shares of company stock worth $62,468,940 in the last three months. 22.78% of the stock is currently owned by 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.