B&M European Value Retail (LON:BME) Earns Hold Rating from Analysts at Shore Capital

Key Points

• Shore Capital has initiated coverage of B&M European Value Retail with a "hold" rating and set a price target of **GBX 250**, indicating a **9.17% potential upside** from the current stock price.
• Consensus ratings from analysts show **ten "buy"**, three "hold", and two "sell" ratings, with an average target price of **GBX 380.50** for the stock.
• Insider transactions show significant purchasing activity, with insiders acquiring **160,500 shares worth approximately £42.6 million** in the last ninety days.

Shore Capital began coverage on shares of B&M European Value Retail (LON:BME - Free Report) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm issued a hold rating and a GBX 250 target price on the stock.

Several other research firms also recently issued reports on BME. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 410 price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th. JPMorgan Chase & Co. decreased their price target on B&M European Value Retail from GBX 281 to GBX 207 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 490 price target on shares of B&M European Value Retail in a research note on Monday, June 9th. Finally, Citigroup decreased their price target on B&M European Value Retail from GBX 456 to GBX 361 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 380.50.

B&M European Value Retail Stock Up 2.8%

LON BME traded up GBX 6.60 on Tuesday, reaching GBX 240.20. The stock had a trading volume of 312,635,500 shares, compared to its average volume of 14,436,068. The business has a 50 day moving average price of GBX 239.98 and a 200 day moving average price of GBX 276.95. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 1 year low of GBX 216.40 and a 1 year high of GBX 439.90. The company has a market capitalization of £2.41 billion, a price-to-earnings ratio of 755.35 and a beta of 1.05.

B&M European Value Retail (LON:BME - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 earnings per share (EPS) for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. On average, analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen bought 22,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average price of GBX 231 per share, for a total transaction of £51,975. Also, insider Hounaïda Lasry bought 7,600 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of GBX 262 per share, with a total value of £19,912. In the last 90 days, insiders have purchased 226,480 shares of company stock valued at $57,732,340. 22.78% of the stock is owned by corporate insiders.

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.