JPMorgan Chase & Co. Has Lowered Expectations for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME - Free Report) had its target price trimmed by JPMorgan Chase & Co. from GBX 281 ($3.77) to GBX 207 ($2.78) in a report published on Wednesday morning, Marketbeat Ratings reports. They currently have an underweight rating on the stock.

A number of other research analysts also recently weighed in on BME. Shore Capital reaffirmed a "no recommendation" rating on shares of B&M European Value Retail in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 410 ($5.51) target price on shares of B&M European Value Retail in a report on Tuesday. Citigroup reaffirmed a "buy" rating and issued a GBX 456 ($6.12) target price on shares of B&M European Value Retail in a report on Friday, March 28th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 490 ($6.58) target price on shares of B&M European Value Retail in a report on Monday, June 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, B&M European Value Retail has a consensus rating of "Moderate Buy" and an average target price of GBX 505.07 ($6.78).

B&M European Value Retail Trading Up 1.6%

Shares of LON:BME traded up GBX 3.80 ($0.05) during midday trading on Wednesday, reaching GBX 236.30 ($3.17). The company's stock had a trading volume of 505,506,406 shares, compared to its average volume of 18,211,396. The firm has a market capitalization of £2.38 billion, a price-to-earnings ratio of 5.65 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The firm has a 50 day moving average price of GBX 292.52 and a two-hundred day moving average price of GBX 300.37. B&M European Value Retail has a fifty-two week low of GBX 220.80 ($2.96) and a fifty-two week high of GBX 475.80 ($6.39).

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

Insiders Place Their Bets

In related news, insider Tjeerd Jegen purchased 37,500 shares of B&M European Value Retail stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of GBX 270 ($3.63) per share, for a total transaction of £101,250 ($135,960.79). Also, insider Hounaïda Lasry purchased 7,600 shares of B&M European Value Retail stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of GBX 262 ($3.52) per share, with a total value of £19,912 ($26,738.28). Insiders acquired 160,500 shares of company stock valued at $42,621,400 over the last three months. Company insiders own 4.22% of the company's stock.

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.