B&M European Value Retail (LON:BME) Price Target Lowered to GBX 300 at Berenberg Bank

B&M European Value Retail (LON:BME) had its price target decreased by Berenberg Bank from GBX 450 to GBX 300 in a report released on Thursday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on BME. Deutsche Bank Aktiengesellschaft decreased their target price on shares of B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Shore Capital reaffirmed a “buy” rating on shares of B&M European Value Retail in a research report on Thursday, November 13th. Jefferies Financial Group decreased their price objective on B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating for the company in a report on Thursday, November 20th. Canaccord Genuity Group lowered their price objective on 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. Finally, 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 report on Wednesday, October 8th. Six 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 226.88.

B&M European Value Retail Price Performance

BME opened at GBX 166.20 on Thursday. The firm has a market capitalization of £1.67 billion, a PE ratio of 5.23 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The business’s 50-day moving average is GBX 193.15 and its two-hundred day moving average is GBX 236.64. B&M European Value Retail has a 1 year low of GBX 154 and a 1 year high of GBX 378.50.

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 net margin of 5.81% and a return on equity of 43.85%. Research analysts anticipate that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tjeerd Jegen bought 79,500 shares of B&M European Value Retail stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of GBX 250 per share, for a total transaction of £198,750. Over the last 90 days, insiders acquired 315,350 shares of company stock valued at $67,115,500. 22.78% of the stock is owned by corporate 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.