B&M European Value Retail (LON:BME) Earns "Buy" Rating from Peel Hunt

Key Points

• B&M European Value Retail has received a "buy" rating from Peel Hunt with a target price of GBX 400, indicating a potential upside of 68.66% from its previous close.
• Shares of B&M European Value Retail dropped 7.4% during trading hours, bringing the stock price down to GBX 237.16.
• Insider Tjeerd Jegen purchased 50,400 shares at an average cost of GBX 250, highlighting significant insider confidence in the company.

B&M European Value Retail (LON:BME - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Peel Hunt in a report issued on Tuesday,Digital Look reports. They currently have a GBX 400 target price on the stock. Peel Hunt's target price would suggest a potential upside of 68.66% from the company's previous close.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of 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. Shore Capital reaffirmed a "hold" rating on shares of B&M European Value Retail in a report on Tuesday. Citigroup dropped their price target on shares of B&M European Value Retail from GBX 456 to GBX 361 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 410 price objective on shares of B&M European Value Retail in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 490 target price on shares of B&M European Value Retail in a research report on Monday, June 9th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 383.29.

B&M European Value Retail Stock Down 7.4%

Shares of BME stock traded down GBX 19.04 during trading hours on Tuesday, reaching GBX 237.16. 445,924,281 shares of the stock were exchanged, compared to its average volume of 15,536,742. The business's fifty day moving average is GBX 239.80 and its two-hundred day moving average is GBX 273.87. The firm has a market capitalization of £2.38 billion, a P/E ratio of 745.80 and a beta of 1.05. B&M European Value Retail has a 12-month low of GBX 200.20 and a 12-month high of GBX 416.02. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38.

Insider Buying and Selling

In related news, insider Tjeerd Jegen acquired 50,400 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was bought at an average cost of GBX 250 per share, with a total value of £126,000. Over the last ninety days, insiders purchased 257,380 shares of company stock worth $62,468,940. 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.

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