Jefferies Financial Group Issues Pessimistic Forecast for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its price objective reduced by stock analysts at Jefferies Financial Group from GBX 260 to GBX 175 in a note issued to investors on Thursday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 4.87% from the stock’s previous close.

BME has been the subject of several other research reports. Berenberg Bank decreased 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 research note on Thursday, October 9th. Canaccord Genuity Group decreased their price objective on shares of B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Citigroup cut their price target on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Peel Hunt restated an “add” rating and set a GBX 200 target price on shares of B&M European Value Retail in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 281.11.

B&M European Value Retail Price Performance

Shares of LON BME traded up GBX 1.02 during mid-day trading on Thursday, hitting GBX 166.87. 4,459,330 shares of the stock traded hands, compared to its average volume of 15,265,451. The firm has a 50 day simple moving average of GBX 211.76 and a two-hundred day simple moving average of GBX 249.07. B&M European Value Retail has a twelve month low of GBX 154 and a twelve month high of GBX 378.50. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The company has a market cap of £1.68 billion, a PE ratio of 5.25 and a beta of 1.05.

B&M European Value Retail (LON:BME) last posted 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 net margin of 5.81% and a return on equity of 43.85%. As a group, equities research analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen acquired 79,500 shares of B&M European Value Retail stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average cost of GBX 250 per share, for a total transaction of £198,750. Insiders have acquired 352,330 shares of company stock valued at $77,470,440 over the last 90 days. 22.78% of the stock is currently 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.