B&M European Value Retail’s (BME) Under review Rating Reiterated at Shore Capital

Shore Capital reaffirmed their under review rating on shares of B&M European Value Retail (LON:BME) in a research report released on Monday, Marketbeat.com reports.

Other analysts also recently issued reports about the stock. 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 report on Tuesday, July 15th. Berenberg Bank dropped 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 report on Thursday, October 9th. Citigroup cut their target price on B&M European Value Retail from GBX 361 to GBX 290 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Jefferies Financial Group lowered their price target on B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Canaccord Genuity Group dropped their price objective 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. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 298.33.

B&M European Value Retail Stock Performance

Shares of BME opened at GBX 177.15 on Monday. The firm has a fifty day moving average of GBX 237.51 and a 200-day moving average of GBX 269.25. The company has a market cap of £1.78 billion, a price-to-earnings ratio of 5.57 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. B&M European Value Retail has a 1 year low of GBX 162.05 and a 1 year high of GBX 411.30.

Insider Activity at B&M European Value Retail

In other news, insider Tjeerd Jegen bought 79,500 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of GBX 250 per share, for a total transaction of £198,750. In the last 90 days, insiders have acquired 257,380 shares of company stock worth $62,468,940. 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.