Berenberg Bank Has Lowered Expectations for B&M European Value Retail (LON:BME) Stock Price

Key Points

• Berenberg Bank has reduced its price target for B&M European Value Retail from GBX 590 to GBX 450, while maintaining a "buy" rating, indicating a potential upside of 95.61% from the current stock price.
• Other analysts have also adjusted their price targets, with the consensus rating now being a "Moderate Buy" and an average price target of GBX 376.88.
• Insider Tjeerd Jegen purchased 50,400 shares at an average price of GBX 250, contributing to a total of 257,380 shares bought by insiders over the last 90 days.

B&M European Value Retail (LON:BME - Get Free Report) had its price objective decreased by Berenberg Bank from GBX 590 to GBX 450 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target points to a potential upside of 95.61% from the stock's current price.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on B&M European Value Retail from GBX 207 to GBX 205 and set an "underweight" rating on the stock in a research note on Wednesday. Citigroup cut their price target on B&M European Value Retail from GBX 361 to GBX 290 and set a "buy" rating on the stock in a research note on Wednesday. Peel Hunt reissued a "buy" rating and issued a GBX 400 price target on shares of B&M European Value Retail in a research note on Tuesday. Canaccord Genuity Group cut their price target on B&M European Value Retail from GBX 490 to GBX 395 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 410 price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 376.88.

B&M European Value Retail Trading Down 0.3%

LON:BME traded down GBX 0.65 during trading hours on Thursday, hitting GBX 230.05. 7,484,902 shares of the stock were exchanged, compared to its average volume of 13,278,190. The company's 50 day moving average is GBX 240.27 and its two-hundred day moving average is GBX 273.13. B&M European Value Retail has a twelve month low of GBX 200.20 and a twelve month high of GBX 413.62. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The company has a market capitalization of £2.31 billion, a P/E ratio of 723.42 and a beta of 1.05.

Insider Buying and Selling

In other B&M European Value Retail news, insider Tjeerd Jegen acquired 50,400 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were acquired at an average price of GBX 250 per share, with a total value of £126,000. Over the last 90 days, insiders acquired 257,380 shares of company stock worth $62,468,940. Company insiders own 22.78% of the company's stock.

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.

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