B&M European Value Retail (LON:BME) Given New GBX 205 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered its price target for B&M European Value Retail from GBX 207 to GBX 205 and maintains an "underweight" rating, indicating a potential downside of 11.99% from the current price.
• Other analysts have also adjusted their ratings, with Canaccord Genuity Group reducing their target from GBX 490 to GBX 395 while setting a "buy" rating, indicating varied market opinions on the stock.
• In recent trading, B&M shares dropped by 1.4% to GBX 232.94, reflecting ongoing volatility, with the company experiencing a significant range in its 12-month stock prices between GBX 200.20 and GBX 413.62.

B&M European Value Retail (LON:BME - Get Free Report) had its price target cut by analysts at JPMorgan Chase & Co. from GBX 207 to GBX 205 in a report issued on Wednesday, Marketbeat Ratings reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential downside of 11.99% from the company's current price.

A number of other equities analysts also recently issued reports on BME. Canaccord Genuity Group dropped their price objective on shares of 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. Shore Capital reiterated a "hold" rating on shares of B&M European Value Retail in a research note on Tuesday. Peel Hunt reiterated a "buy" rating and set a GBX 400 price objective on shares of B&M European Value Retail in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 410 price objective on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Finally, Citigroup dropped their price objective 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. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 359.29.

B&M European Value Retail Trading Down 1.4%

Shares of LON:BME traded down GBX 3.26 during trading on Wednesday, reaching GBX 232.94. 456,214,563 shares of the company were exchanged, compared to its average volume of 15,642,573. The firm has a market capitalization of £2.34 billion, a PE ratio of 732.52 and a beta of 1.05. The business's fifty day simple moving average is GBX 239.99 and its 200-day simple moving average is GBX 273.61. B&M European Value Retail has a 12-month low of GBX 200.20 and a 12-month high of GBX 413.62. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38.

Insiders Place Their Bets

In other news, insider Tjeerd Jegen bought 50,400 shares of the stock in a transaction on Wednesday, September 17th. The stock was bought at an average cost of GBX 250 per share, for a total transaction of £126,000. Insiders have purchased 257,380 shares of company stock valued at $62,468,940 in the last three months. 22.78% of the stock is owned by company 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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