Deutsche Bank Aktiengesellschaft 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 investment analysts at Deutsche Bank Aktiengesellschaft from GBX 340 to GBX 250 in a research report issued on Monday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 44.40% from the company’s current price.

Several other brokerages have also weighed in on BME. Peel Hunt reiterated an “add” rating and set a GBX 250 target price on shares of B&M European Value Retail in a research report on Monday. Canaccord Genuity Group decreased their target price on shares of B&M European Value Retail from GBX 490 to GBX 395 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Shore Capital reiterated an “under review” rating on shares of B&M European Value Retail in a research report on Monday. Berenberg Bank decreased their target price on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Finally, Jefferies Financial Group decreased their target price on shares of B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research report on Monday, October 13th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and an average price target of GBX 322.78.

B&M European Value Retail Price Performance

Shares of B&M European Value Retail stock opened at GBX 173.13 on Monday. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The firm’s 50-day simple moving average is GBX 238.52 and its 200-day simple moving average is GBX 269.89. B&M European Value Retail has a twelve month low of GBX 162.05 and a twelve month high of GBX 411.30. The firm has a market cap of £1.74 billion, a P/E ratio of 5.44 and a beta of 1.05.

Insider Transactions at B&M European Value Retail

In other news, insider Tjeerd Jegen purchased 79,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of GBX 250 per share, with a total value of £198,750. Over the last ninety days, insiders have bought 257,380 shares of company stock worth $62,468,940. Company insiders own 22.78% of the company’s stock.

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.