B&M European Value Retail (LON:BME) Price Target Raised to GBX 240

Key Points

• Jefferies raised B&M European Value Retail’s price target from GBX 180 to GBX 240, while maintaining a “hold” rating; the new target implies approximately 12% downside from the current price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of GBX 213.75. Shore Capital also maintained its “Hold” rating with a GBX 215 target.
• B&M shares opened at GBX 272.80, near the upper end of their 12-month range of GBX 140 to GBX 287.20. Recent insider activity included a major purchase by Tjeerd Jegen and a smaller sale by Peter Waterhouse.

B&M European Value Retail (LON:BME - Get Free Report) had its target price upped by investment analysts at Jefferies Financial Group from GBX 180 to GBX 240 in a research note issued on Thursday, Digital Look reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price target indicates a potential downside of 12.02% from the company's current price.

Separately, Shore Capital Group reaffirmed a "hold" rating and set a GBX 215 target price on shares of B&M European Value Retail in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 213.75.

B&M European Value Retail Stock Performance

BME opened at GBX 272.80 on Thursday. The company's 50 day moving average is GBX 247.17 and its 200 day moving average is GBX 211.43. The company has a current ratio of 1.42, a quick ratio of 0.38 and a debt-to-equity ratio of 306.52. The company has a market cap of £2.74 billion, a price-to-earnings ratio of 16.74 and a beta of 1.10. B&M European Value Retail has a 12-month low of GBX 140 and a 12-month high of GBX 287.20.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Peter Waterhouse sold 3,715 shares of B&M European Value Retail stock in a transaction on Monday, August 10th. The stock was sold at an average price of GBX 234, for a total transaction of £8,693.10. Also, insider Tjeerd Jegen purchased 146,910 shares of the business's stock in a transaction on Monday, September 7th. The shares were bought at an average cost of GBX 233 per share, with a total value of £342,300.30. 22.80% 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.

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