B&M European Value Retail (LON:BME) Given New GBX 230 Price Target at Shore Capital

B&M European Value Retail (LON:BME) had its price objective trimmed by Shore Capital from GBX 300 to GBX 230 in a report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently issued reports on BME. JPMorgan Chase & Co. lowered their price target on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a report on Wednesday, October 8th. Citigroup lowered their price target on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating for the company in a report on Tuesday. Peel Hunt reiterated an “add” rating and issued a GBX 250 price target on shares of B&M European Value Retail in a report on Monday. Berenberg Bank lowered their price target on B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on B&M European Value Retail from GBX 340 to GBX 250 and set a “buy” rating for the company in a report on Monday. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 298.33.

B&M European Value Retail Stock Up 1.5%

Shares of LON BME opened at GBX 182.35 on Wednesday. B&M European Value Retail has a 12-month low of GBX 162.05 and a 12-month high of GBX 409.80. The company has a market cap of £1.83 billion, a P/E ratio of 5.73 and a beta of 1.05. 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 stock has a fifty day moving average price of GBX 237.51 and a 200 day moving average price of GBX 269.25.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen bought 50,400 shares of the stock in a transaction dated Wednesday, September 17th. The stock was bought at an average cost of GBX 250 per share, for a total transaction of £126,000. Insiders bought 257,380 shares of company stock worth $62,468,940 in the last three months. 22.78% of the stock is owned by company insiders.

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.