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

Peel Hunt reiterated their add rating on shares of B&M European Value Retail (LON:BME) in a research note published on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 200 target price on the stock.

Several other brokerages also recently issued reports on BME. Jefferies Financial Group reduced their price objective on 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. Canaccord Genuity Group reduced their target price on shares of 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. JPMorgan Chase & Co. decreased their price target on shares of 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. Shore Capital cut their price objective on shares of B&M European Value Retail from GBX 300 to GBX 230 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of 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. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 291.11.

B&M European Value Retail Stock Down 1.4%

Shares of LON BME opened at GBX 162.75 on Thursday. The firm’s 50-day moving average is GBX 216.73 and its two-hundred day moving average is GBX 252.86. The company has a market capitalization of £1.64 billion, a PE ratio of 5.12 and a beta of 1.05. B&M European Value Retail has a 12-month low of GBX 155.15 and a 12-month high of GBX 400.90. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38.

B&M European Value Retail (LON:BME) last issued its quarterly earnings data on Thursday, November 13th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. Equities analysts anticipate that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Activity

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