B&M European Value Retail (LON:BME) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of B&M European Value Retail (LON:BME) to a neutral rating in a research note issued to investors on Tuesday, Digital Look reports. JPMorgan Chase & Co. currently has GBX 360 ($4.74) price objective on the stock, down from their previous price objective of GBX 400 ($5.26).

Several other research firms have also recently commented on BME. Peel Hunt reaffirmed a buy rating on shares of B&M European Value Retail in a research note on Wednesday, February 5th. Jefferies Financial Group reaffirmed a buy rating on shares of B&M European Value Retail in a research note on Tuesday, December 10th. Royal Bank of Canada raised their target price on B&M European Value Retail from GBX 420 ($5.52) to GBX 440 ($5.79) and gave the stock an outperform rating in a research note on Thursday, December 19th. UBS Group reaffirmed a buy rating on shares of B&M European Value Retail in a research note on Tuesday, November 12th. Finally, Goldman Sachs Group decreased their target price on B&M European Value Retail from GBX 440 ($5.79) to GBX 425 ($5.59) and set a buy rating for the company in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 427.23 ($5.62).

LON BME opened at GBX 380.50 ($5.01) on Tuesday. The business has a 50 day simple moving average of GBX 383.09 and a 200 day simple moving average of GBX 376.10. B&M European Value Retail has a one year low of GBX 313.10 ($4.12) and a one year high of GBX 439.90 ($5.79). The stock has a market capitalization of $3.81 billion and a P/E ratio of 29.05. The company has a debt-to-equity ratio of 208.08, a current ratio of 1.23 and a quick ratio of 0.16.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.

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Analyst Recommendations for B&M European Value Retail (LON:BME)

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