Canaccord Genuity Group Lowers B&M European Value Retail (LON:BME) Price Target to GBX 230

B&M European Value Retail (LON:BME) had its target price cut by equities researchers at Canaccord Genuity Group from GBX 245 to GBX 230 in a research report issued on Friday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 42.33% from the company’s current price.

Other research analysts also recently issued reports about the company. Citigroup cut their price objective on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Peel Hunt reiterated an “add” rating and set a GBX 200 price target on shares of B&M European Value Retail in a report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on shares of B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a research report on Friday. Berenberg Bank decreased their price objective on shares of B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Jefferies Financial Group lowered their target price on shares of B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average price target of GBX 213.13.

B&M European Value Retail Trading Down 7.2%

Shares of LON:BME opened at GBX 161.60 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The stock has a market capitalization of £1.62 billion, a PE ratio of 6.54 and a beta of 1.05. B&M European Value Retail has a 1 year low of GBX 154 and a 1 year high of GBX 350. The firm has a fifty day moving average price of GBX 165.11 and a 200 day moving average price of GBX 203.88.

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 return on equity of 43.85% and a net margin of 5.81%. Analysts expect that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Buying and Selling

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 31,850 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of GBX 155 per share, for a total transaction of £49,367.50. Over the last quarter, insiders purchased 123,950 shares of company stock valued at $19,757,500. Insiders own 22.79% of the company’s stock.

Key Headlines Impacting B&M European Value Retail

Here are the key news stories impacting B&M European Value Retail this week:

• Positive Sentiment: Shore Capital reaffirmed its “buy” rating on BME, maintaining analyst support for the shares despite recent headwinds. Read More.
• Neutral Sentiment: JPMorgan raised its price target from GBX 163 to GBX 170 but kept an “underweight” rating — a modestly higher target but still a cautious stance from a large broker, which may limit upside from institutional buyers. Read More.
• Negative Sentiment: B&M cut profit guidance after increased investments in pricing and clearance activity, citing margin pressure from those actions — this operational outlook change is the most direct negative catalyst for the share move. Read More.
• Negative Sentiment: Canaccord Genuity trimmed its price target from GBX 245 to GBX 230 but kept a “buy” rating, signaling reduced upside expectations after the company’s guidance and margin actions. Read More.
• Negative Sentiment: Deutsche Bank lowered its price target from GBX 180 to GBX 175 while maintaining a “buy” rating — another analyst cut to targets that adds downward pressure on sentiment. Read More.

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.