Citigroup Forecasts Strong Price Appreciation for B&M European Value Retail (LON:BME) Stock

B&M European Value Retail (LON:BME) had its price objective upped by investment analysts at Citigroup from GBX 165 to GBX 180 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 2.33% from the company’s previous close.

Several other equities research analysts have also commented on BME. Peel Hunt reaffirmed an “add” rating and issued a GBX 200 price target on shares of B&M European Value Retail in a report on Thursday, November 13th. Shore Capital Group reissued a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating on the stock in a report on Friday, January 23rd. Berenberg Bank decreased their price target on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Canaccord Genuity Group lowered their price objective on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 207.50.

B&M European Value Retail Price Performance

Shares of LON:BME opened at GBX 175.90 on Thursday. B&M European Value Retail has a twelve month low of GBX 154 and a twelve month high of GBX 350. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The company has a market cap of £1.77 billion, a PE ratio of 7.12 and a beta of 1.05. The company’s 50 day moving average is GBX 167.25 and its 200 day moving average is GBX 199.29.

B&M European Value Retail (LON:BME) last released 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, sell-side analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 31,850 shares of B&M European Value Retail stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of GBX 155 per share, with a total value of £49,367.50. Over the last ninety days, insiders bought 123,950 shares of company stock valued at $19,757,500. Corporate insiders own 22.79% of the company’s stock.

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.