Jefferies Financial Group Cuts B&M European Value Retail (LON:BME) Price Target to GBX 175

B&M European Value Retail (LON:BME) had its price target lowered by Jefferies Financial Group from GBX 260 to GBX 175 in a research note published on Thursday, MarketBeat reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other research firms have also recently weighed in on BME. Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a research report on Thursday, November 13th. Peel Hunt reissued an “add” rating and issued a GBX 200 price target on shares of B&M European Value Retail in a research note on Thursday, November 13th. Berenberg Bank decreased their price target on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a report on Thursday, October 9th. Citigroup lowered their price objective on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Finally, Canaccord Genuity Group cut their target price on shares of B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, B&M European Value Retail currently has an average rating of “Moderate Buy” and a consensus price target of GBX 245.63.

B&M European Value Retail Price Performance

LON:BME opened at GBX 168.15 on Thursday. B&M European Value Retail has a 52-week low of GBX 154 and a 52-week high of GBX 378.50. The stock has a fifty day moving average of GBX 208.74 and a 200 day moving average of GBX 246.64. 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 has a market capitalization of £1.69 billion, a price-to-earnings ratio of 5.29 and a beta of 1.05.

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

Insider Buying and Selling

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 79,500 shares of the stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of GBX 250 per share, with a total value of £198,750. In the last 90 days, insiders have acquired 381,330 shares of company stock valued at $82,226,440. 22.78% of the stock is owned by company 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.