Tjeerd Jegen Purchases 61,500 Shares of B&M European Value Retail (LON:BME) Stock

Key Points

• Insider Tjeerd Jegen purchased a total of 61,500 shares of B&M European Value Retail at an average price of GBX 242 per share, amounting to a total transaction of £148,830.
• Recent stock trading activity shows B&M European Value Retail shares increased by 0.8%, currently trading at GBX 244.10, with a market capitalization of £2.45 billion.
• Analyst ratings vary with some maintaining a "buy" rating and a consensus price target of GBX 380.50, while others have set lower targets, indicating mixed sentiment among market experts.

B&M European Value Retail S.A. (LON:BME - Get Free Report) insider Tjeerd Jegen purchased 61,500 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of GBX 242 per share, with a total value of £148,830.

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

• On Tuesday, September 9th, Tjeerd Jegen purchased 79,500 shares of B&M European Value Retail stock. The stock was acquired at an average cost of GBX 250 per share, with a total value of £198,750.
• On Tuesday, September 2nd, Tjeerd Jegen purchased 43,480 shares of B&M European Value Retail stock. The stock was acquired at an average cost of GBX 228 per share, with a total value 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 cost of GBX 231 per share, with a total value of £51,975.

B&M European Value Retail Stock Performance

Shares of LON:BME traded up GBX 1.60 on Thursday, hitting GBX 253.50. The company's stock had a trading volume of 3,490,423 shares, compared to its average volume of 13,872,130. B&M European Value Retail S.A. has a 12 month low of GBX 216.40 and a 12 month high of GBX 431.10. The company has a market capitalization of £2.55 billion, a price-to-earnings ratio of 797.17 and a beta of 1.05. The stock's 50-day moving average is GBX 234.88 and its two-hundred day moving average is GBX 274.59. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BME shares. 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. 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. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 490 target price on shares of B&M European Value Retail in a research note on Monday, June 9th. JPMorgan Chase & Co. decreased their target price 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. Finally, Shore Capital initiated coverage on B&M European Value Retail in a research note on Tuesday, September 2nd. They set a "hold" rating and a GBX 250 target price for the company. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from 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.