JPMorgan Chase & Co. Cuts B&M European Value Retail (LON:BME) Price Target to GBX 163

B&M European Value Retail (LON:BME) had its price target cut by JPMorgan Chase & Co. from GBX 205 to GBX 163 in a research note published on Friday morning, Marketbeat.com reports. They currently have an underweight rating on the stock.

BME has been the topic of several other reports. Deutsche Bank Aktiengesellschaft decreased their price target 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 lowered their target price on B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Jefferies Financial Group dropped their target price on 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. Shore Capital reiterated a “buy” rating on shares of B&M European Value Retail in a report on Thursday, November 13th. Finally, Berenberg Bank lowered their price objective on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 221.63.

B&M European Value Retail Price Performance

Shares of BME stock opened at GBX 166.75 on Friday. The stock’s fifty day moving average is GBX 191.21 and its 200-day moving average is GBX 233.96. 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 52 week low of GBX 154 and a 52 week high of GBX 378.50. The stock has a market capitalization of £1.68 billion, a PE ratio of 6.75 and a beta of 1.05.

B&M European Value Retail (LON:BME) last issued its quarterly earnings data on Thursday, November 13th. The company reported GBX 7.20 EPS for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. Equities research analysts expect that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Activity

In related news, insider Tjeerd Jegen purchased 79,500 shares of the stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of GBX 250 per share, with a total value of £198,750. In the last three months, insiders bought 315,350 shares of company stock worth $67,115,500. 22.79% of the stock is currently owned by 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.