B&M European Value Retail (LON:BME) Given New GBX 207 Price Target at JPMorgan Chase & Co.

B&M European Value Retail (LON:BME - Free Report) had its price objective reduced by JPMorgan Chase & Co. from GBX 281 ($3.77) to GBX 207 ($2.78) in a research note released on Wednesday morning, MarketBeat.com reports. They currently have an underweight rating on the stock.

Several other research firms have also recently issued reports on BME. Shore Capital reaffirmed a "no recommendation" rating on shares of B&M European Value Retail in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 410 ($5.50) price target on shares of B&M European Value Retail in a report on Tuesday. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 490 ($6.58) price target on shares of B&M European Value Retail in a report on Monday, June 9th. Finally, Citigroup reaffirmed a "buy" rating and issued a GBX 456 ($6.12) price target on shares of B&M European Value Retail in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, B&M European Value Retail currently has an average rating of "Moderate Buy" and a consensus target price of GBX 505.07 ($6.78).

B&M European Value Retail Trading Up 1.8%

Shares of LON BME traded up GBX 4.20 ($0.06) during trading on Wednesday, hitting GBX 236.70 ($3.18). 7,632,326 shares of the company traded hands, compared to its average volume of 14,603,612. B&M European Value Retail has a 1 year low of GBX 220.80 ($2.96) and a 1 year high of GBX 475.80 ($6.39). The company has a 50-day moving average price of GBX 290.55 and a 200-day moving average price of GBX 299.48. The firm has a market capitalization of £2.38 billion, a P/E ratio of 5.66 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77.

B&M European Value Retail (LON:BME - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) earnings per share for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. On average, equities analysts predict that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insider Activity at B&M European Value Retail

In related news, insider Hounaïda Lasry acquired 7,600 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of GBX 262 ($3.52) per share, with a total value of £19,912 ($26,727.52). Also, insider Tjeerd Jegen purchased 45,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average cost of GBX 262 ($3.52) per share, with a total value of £117,900 ($158,255.03). In the last quarter, insiders have acquired 160,500 shares of company stock worth $42,621,400. Corporate insiders own 4.22% of the company's stock.

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.