B&M European Value Retail’s (BME) Add Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of B&M European Value Retail (LON:BME) in a research note released on Monday morning, Marketbeat.com reports. The brokerage currently has a GBX 250 target price on the stock.

Several other research firms have also recently weighed in on BME. Deutsche Bank Aktiengesellschaft reaffirmed 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. Berenberg Bank reduced their target price on B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 9th. JPMorgan Chase & Co. reduced their target price on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a research note on Wednesday, October 8th. Jefferies Financial Group reduced their target price on B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Citigroup reduced their target price on B&M European Value Retail from GBX 361 to GBX 290 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 347.78.

B&M European Value Retail Trading Down 22.9%

B&M European Value Retail stock opened at GBX 167.70 on Monday. The stock has a market cap of £1.69 billion, a P/E ratio of 5.27 and a beta of 1.05. B&M European Value Retail has a fifty-two week low of GBX 162.05 and a fifty-two week high of GBX 411.30. The firm’s fifty day moving average price is GBX 239.52 and its 200-day moving average price is GBX 270.57. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06.

Insider Activity

In related news, insider Tjeerd Jegen acquired 79,500 shares of B&M European Value Retail stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of GBX 250 per share, with a total value of £198,750. Insiders bought 257,380 shares of company stock worth $62,468,940 over the last quarter. 22.78% 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.