B&M European Value Retail’s (BME) Add Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of B&M European Value Retail (LON:BME) in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 200 price target on the stock.

Several other analysts also recently weighed in on BME. JPMorgan Chase & Co. dropped their price objective on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a research report on Wednesday, October 8th. Berenberg Bank decreased their target price on B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Shore Capital lowered their target price on B&M European Value Retail from GBX 300 to GBX 230 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Jefferies Financial Group reduced their price target on shares of B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Canaccord Genuity Group decreased their price target on shares of 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. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 291.11.

B&M European Value Retail Stock Performance

Shares of LON:BME opened at GBX 163.45 on Thursday. The company’s 50 day simple moving average is GBX 218.28 and its 200 day simple moving average is GBX 254.60. The stock has a market capitalization of £1.64 billion, a price-to-earnings ratio of 5.14 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 155.15 and a 1 year high of GBX 400.90.

B&M European Value Retail (LON:BME) last released its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. As a group, research analysts predict that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Activity at B&M European Value Retail

In other news, insider Tjeerd Jegen purchased 50,400 shares of B&M European Value Retail stock in a transaction dated Wednesday, September 17th. The shares were 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 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.