JPMorgan Chase & Co. Has Lowered Expectations for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from GBX 205 to GBX 163 in a report issued on Friday, MarketBeat reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 2.25% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Peel Hunt reissued an “add” rating and set a GBX 200 price target on shares of B&M European Value Retail in a research report on Thursday, November 13th. Canaccord Genuity Group cut 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 report on Wednesday, October 22nd. Shore Capital reissued a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, November 13th. Citigroup lowered their target price on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Finally, Berenberg Bank dropped their price target on shares of B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a research report on Thursday. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and an average target price of GBX 221.63.

B&M European Value Retail Stock Up 0.3%

Shares of BME stock opened at GBX 166.75 on Friday. The firm’s fifty day moving average price is GBX 191.21 and its two-hundred day moving average price is GBX 234.68. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 1 year low of GBX 154 and a 1 year high of GBX 378.50. The firm has a market capitalization of £1.68 billion, a P/E ratio of 6.75 and a beta of 1.05.

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

Insider Activity at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average price of GBX 164 per share, for a total transaction of £47,560. Over the last ninety days, insiders have bought 315,350 shares of company stock worth $67,115,500. Insiders own 22.79% of the company’s stock.

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.