B&M European Value Retail (LON:BME) Price Target Cut to GBX 290 by Analysts at Citigroup

Key Points

• Citigroup has reduced its price target for B&M European Value Retail from GBX 361 to GBX 290, while maintaining a "buy" rating on the stock, indicating a potential upside of 24.50% from the previous close.
• Despite this downgrade, other analysts like Peel Hunt and Deutsche Bank continue to express confidence with "buy" ratings and higher price targets, suggesting a consensus "Moderate Buy" rating overall.
• B&M European Value Retail's stock recently fell by 1.4% to GBX 232.94, with insider activity indicating continued investment interest, as one insider purchased 50,400 shares at GBX 250 per share.

B&M European Value Retail (LON:BME - Get Free Report) had its price target lowered by investment analysts at Citigroup from GBX 361 to GBX 290 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target suggests a potential upside of 24.50% from the stock's previous close.

Several other research firms have also weighed in on BME. Peel Hunt reiterated a "buy" rating and issued a GBX 400 price objective on shares of B&M European Value Retail in a research note on Tuesday. 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 restated a "hold" rating on shares of B&M European Value Retail in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 410 price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an "underweight" rating on the stock in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, B&M European Value Retail has a consensus rating of "Moderate Buy" and a consensus price target of GBX 359.29.

B&M European Value Retail Stock Down 1.4%

B&M European Value Retail stock traded down GBX 3.26 during trading hours on Wednesday, hitting GBX 232.94. The company had a trading volume of 456,214,563 shares, compared to its average volume of 15,642,573. The firm has a market capitalization of £2.34 billion, a P/E ratio of 732.52 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The firm's fifty day moving average is GBX 239.99 and its 200-day moving average is GBX 273.61. B&M European Value Retail has a fifty-two week low of GBX 200.20 and a fifty-two week high of GBX 413.62.

Insider Activity

In other news, insider Tjeerd Jegen acquired 50,400 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was acquired at an average cost of GBX 250 per share, with a total value of £126,000. Over the last ninety days, insiders have acquired 257,380 shares of company stock worth $62,468,940. 22.78% of the stock is currently owned by corporate 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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