JPMorgan Chase & Co. Lowers B&M European Value Retail (LON:BME) Price Target to GBX 163

by · The Cerbat Gem

B&M European Value Retail (LON:BME – Get Free Report) had its price target cut by research analysts at JPMorgan Chase & Co. from GBX 205 to GBX 163 in a research note issued to investors on Friday,Digital Look reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 2.25% from the stock’s current price.

Several other brokerages have also recently issued reports on BME. Shore Capital reissued a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, November 13th. Citigroup reduced their target price on 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. Deutsche Bank Aktiengesellschaft dropped their price target on B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Canaccord Genuity Group cut their price objective on 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. Finally, Peel Hunt restated 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. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 221.63.

Check Out Our Latest Stock Analysis on B&M European Value Retail

B&M European Value Retail Trading Up 0.3%

BME traded up GBX 0.55 during midday trading on Friday, hitting GBX 166.75. The company’s stock had a trading volume of 3,426,236 shares, compared to its average volume of 14,794,817. B&M European Value Retail has a 52-week low of GBX 154 and a 52-week high of GBX 378.50. The firm has a 50-day moving average price of GBX 193.15 and a two-hundred day moving average price of GBX 236.64. 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 firm has a market cap of £1.68 billion, a P/E ratio of 5.24 and a beta of 1.05.

B&M European Value Retail (LON:BME – Get Free Report) last released its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share (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, research analysts anticipate that B&M European Value Retail will post 38.4814815 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Tjeerd Jegen bought 79,500 shares of the firm’s stock in a transaction dated 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 purchased 315,350 shares of company stock worth $67,115,500. Company insiders own 22.78% of the company’s stock.

About B&M European Value Retail

(Get Free Report)

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.

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