Brokerages Set B&M European Value Retail S.A. (LON:BME) PT at GBX 380.50

B&M European Value Retail S.A. (LON:BME) has been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 380.50.

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 490 target price on shares of B&M European Value Retail in a research note on Monday, June 9th. JPMorgan Chase & Co. lowered their target price on shares of B&M European Value Retail from GBX 281 to GBX 207 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Shore Capital assumed coverage on shares of B&M European Value Retail in a research note on Tuesday, September 2nd. They issued a “hold” rating and a GBX 250 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 410 target price on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Finally, Citigroup lowered their target price on shares of B&M European Value Retail from GBX 456 to GBX 361 and set a “buy” rating on the stock in a research note on Wednesday, July 16th.

B&M European Value Retail Trading Down 1.4%

Shares of BME opened at GBX 246.40 on Thursday. The firm’s 50 day simple moving average is GBX 234.45 and its 200 day simple moving average is GBX 274.55. The company has a market capitalization of £2.48 billion, a P/E ratio of 774.84 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. B&M European Value Retail has a 1-year low of GBX 216.40 and a 1-year high of GBX 428.30.

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 79,500 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of GBX 250 per share, with a total value of £198,750. Insiders have purchased 257,380 shares of company stock worth $62,468,940 over the last quarter. Company insiders own 22.78% 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.