B&M European Value Retail (LON:BME – Request a free report)Investment analysts at Canaccord Genuity Group reiterated a “buy” rating on the stock in a research report published on Monday, reports Digital Look. Currently, the price target for the stock is £600 ($7.59). Canaccord Genuity Group’s price target suggests a potential upside of 32.25% from the stock’s current price.
Other equities analysts have also recently issued research reports on the stock. Shore Capital reiterated a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a price target of GBX 660 (USD 8.35) on shares of B&M European Value Retail in a research note on Wednesday, April 17. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of B&M European Value Retail in a research note on Friday, June 28. Finally, Jefferies Financial Group downgraded shares of B&M European Value Retail to a “hold” rating in a research note on Monday, April 22 and increased their price target for the company from GBX 380 (USD 4.81) to GBX 525 (USD 6.64). Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, B&M European Value Retail currently has a consensus rating of “Hold” and an average price target of GBX 577 ($7.30).
Check out our latest analysis on BME
B&M European Value Retail Price Development
BME stock opened at GBX 453.70 ($5.74) on Monday. The company has a 50-day moving average price of GBX 505.02 and a 200-day moving average price of GBX 522.83. The company has a market capitalization of £4.54 billion, a P/E ratio of 1,296.29 and a beta of 1.01. B&M European Value Retail has a 52-week low of GBX 431.80 ($5.46) and a 52-week high of GBX 618.20 ($7.82). The company has a debt-to-equity ratio of 280.00, a quick ratio of 0.38 and a current ratio of 1.37.
Insider transactions at B&M European Value Retail
In related news, insider Hounaïda Lasry purchased 7,000 shares of B&M European Value Retail on Thursday, June 6. The shares were acquired at an average price of £500 ($6.32) per share, for a total transaction of £35,000 ($44,270.17). 4.23% of the shares are currently owned by company insiders.
B&M European Value Retail Company Profile
(Get free report)
B&M European Value Retail SA operates general merchandise and food stores. The company operates a chain of stores under the B&M, Heron Foods and B&M Express brands 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.
See also
Get news and reviews for B&M European Value Retail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for B&M European Value Retail and related companies with MarketBeat.com’s FREE daily email newsletter.
