B&M European Value Retail S.A. (LON:BME) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of B&M European Value Retail S.A. (LON:BME) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 298.33.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Citigroup dropped their price target on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating for the company in a report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on B&M European Value Retail from GBX 340 to GBX 250 and set a “buy” rating on the stock in a research note on Monday, October 20th. Canaccord Genuity Group decreased their target price on B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Finally, Peel Hunt restated an “add” rating and issued a GBX 250 target price on shares of B&M European Value Retail in a research note on Monday, October 20th.

Insider Transactions at B&M European Value Retail

In other news, insider Tjeerd Jegen acquired 79,500 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of GBX 250 per share, for a total transaction of £198,750. Over the last 90 days, insiders acquired 257,380 shares of company stock worth $62,468,940. 22.78% of the stock is currently owned by corporate insiders.

B&M European Value Retail Stock Down 1.3%

Shares of BME opened at GBX 166.15 on Friday. 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 company has a 50-day simple moving average of GBX 225.29 and a 200-day simple moving average of GBX 260.28. B&M European Value Retail has a 52 week low of GBX 162.05 and a 52 week high of GBX 401. The firm has a market capitalization of £1.67 billion, a P/E ratio of 5.22 and a beta of 1.05.

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.