Insider Buying: B&M European Value Retail (LON:BME) Insider Purchases 79,500 Shares of Stock

Key Points

• Insider Tjeerd Jegen purchased 79,500 shares of B&M European Value Retail at an average price of GBX 250 per share, totaling £198,750.
• The company's stock has a current market cap of £2.44 billion and has seen a 52-week price range between GBX 216.40 and GBX 434.30.
• Equities research analysts have mixed ratings on the stock, with a consensus indicating a Moderate Buy and an average price target of GBX 380.50.

B&M European Value Retail S.A. (LON:BME - Get Free Report) insider Tjeerd Jegen bought 79,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of GBX 250 per share, for a total transaction of £198,750.

Tjeerd Jegen also recently made the following trade(s):

• On Friday, September 12th, Tjeerd Jegen purchased 61,500 shares of B&M European Value Retail stock. The stock was acquired at an average price of GBX 242 per share, for a total transaction of £148,830.
• On Tuesday, September 2nd, Tjeerd Jegen purchased 43,480 shares of B&M European Value Retail stock. The stock was acquired at an average price of GBX 228 per share, for a total transaction of £99,134.40.
• On Wednesday, September 3rd, Tjeerd Jegen purchased 22,500 shares of B&M European Value Retail stock. The stock was acquired at an average price of GBX 231 per share, for a total transaction of £51,975.
• On Friday, June 13th, Tjeerd Jegen purchased 37,500 shares of B&M European Value Retail stock. The stock was acquired at an average price of GBX 270 per share, for a total transaction of £101,250.
• On Friday, June 13th, Tjeerd Jegen purchased 40,000 shares of B&M European Value Retail stock. The stock was acquired at an average price of GBX 268 per share, for a total transaction of £107,200.
• On Friday, June 13th, Tjeerd Jegen purchased 30,400 shares of B&M European Value Retail stock. The stock was acquired at an average price of GBX 263 per share, for a total transaction of £79,952.
• On Friday, June 13th, Tjeerd Jegen purchased 45,000 shares of B&M European Value Retail stock. The stock was acquired at an average price of GBX 262 per share, for a total transaction of £117,900.

B&M European Value Retail Stock Up 1.1%

Shares of BME traded up GBX 2.70 during mid-day trading on Tuesday, reaching GBX 246.80. 3,589,155 shares of the stock traded hands, compared to its average volume of 13,994,885. The firm has a market cap of £2.48 billion, a price-to-earnings ratio of 776.10 and a beta of 1.05. The stock has a fifty day simple moving average of GBX 235.78 and a 200 day simple moving average of GBX 275.04. B&M European Value Retail S.A. has a 12-month low of GBX 216.40 and a 12-month high of GBX 434.30. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 490 price objective on shares of B&M European Value Retail in a research note on Monday, June 9th. 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. 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. JPMorgan Chase & Co. dropped their price objective on shares of B&M European Value Retail from GBX 281 to GBX 207 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Shore Capital assumed coverage on shares of B&M European Value Retail in a research note on Tuesday, September 2nd. They set a "hold" rating and a GBX 250 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 380.50.

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.