Berenberg Bank Lowers B&M European Value Retail (LON:BME) Price Target to GBX 300

B&M European Value Retail (LON:BME) had its target price dropped by equities research analysts at Berenberg Bank from GBX 450 to GBX 300 in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 79.91% from the company’s previous close.

BME has been the topic of several other reports. Citigroup dropped their target price on 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Canaccord Genuity Group reduced their target price on shares of B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Shore Capital reiterated a “buy” rating on shares of B&M European Value Retail in a research report on Thursday, November 13th. Finally, Jefferies Financial Group cut their price objective on shares of B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating for the company in a research report on Thursday, November 20th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 221.63.

B&M European Value Retail Trading Up 0.3%

Shares of BME stock opened at GBX 166.75 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 12-month low of GBX 154 and a 12-month high of GBX 378.50. The stock has a market capitalization of £1.68 billion, a P/E ratio of 5.24 and a beta of 1.05. The firm’s 50 day moving average is GBX 191.21 and its 200 day moving average is GBX 235.44.

B&M European Value Retail (LON:BME) last announced 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%. Research analysts expect that B&M European Value Retail will post 38.4814815 earnings per share for the current year.

Insider Activity at B&M European Value Retail

In related news, insider Tjeerd Jegen bought 79,500 shares of the business’s stock in a transaction that occurred 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 have acquired a total of 315,350 shares of company stock valued at $67,115,500 over the last quarter. 22.78% of the stock is currently owned by insiders.

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.