Jefferies Financial Group Cuts B&M European Value Retail (LON:BME) Price Target to GBX 265

B&M European Value Retail (LON:BME) had its price objective trimmed by Jefferies Financial Group from GBX 305 to GBX 265 in a research note released on Monday, MarketBeat.com reports. The firm currently has a hold rating on the stock.

A number of other research firms have also weighed in on BME. JPMorgan Chase & Co. reduced their target price on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 410 price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Berenberg Bank dropped their price target on B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Shore Capital upgraded B&M European Value Retail to a “buy” rating and boosted their price target for the stock from GBX 250 to GBX 300 in a research note on Thursday, October 9th. Finally, Canaccord Genuity Group dropped their price target on B&M European Value Retail from GBX 490 to GBX 395 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 364.44.

B&M European Value Retail Stock Down 0.5%

Shares of BME opened at GBX 221.50 on Monday. The stock has a market capitalization of £2.23 billion, a price-to-earnings ratio of 696.54 and a beta of 1.05. B&M European Value Retail has a 1 year low of GBX 200.20 and a 1 year high of GBX 413.19. The business’s 50 day simple moving average is GBX 240.83 and its 200-day simple moving average is GBX 272.13. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38.

Insider Transactions at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 79,500 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of GBX 250 per share, with a total value of £198,750. Insiders purchased 257,380 shares of company stock valued at $62,468,940 over the last three months. Insiders own 22.78% of the company’s stock.

About B&M European Value Retail

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.