Citigroup Lowers B&M European Value Retail (LON:BME) Price Target to GBX 361

B&M European Value Retail (LON:BME - Get Free Report) had its target price reduced by investment analysts at Citigroup from GBX 456 ($6.12) to GBX 361 ($4.85) in a research note issued on Wednesday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 52.51% from the stock's previous close.

Several other analysts also recently weighed in on the company. Shore Capital restated a "no recommendation" rating on shares of B&M European Value Retail in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on B&M European Value Retail from GBX 281 ($3.77) to GBX 207 ($2.78) and set an "underweight" rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 410 ($5.50) price objective on shares of B&M European Value Retail in a research report on Tuesday. Finally, Canaccord Genuity Group restated a "buy" rating and set a GBX 490 ($6.58) price objective on shares of B&M European Value Retail in a research report on Monday, June 9th. Two 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. Based on data from MarketBeat, B&M European Value Retail presently has a consensus rating of "Moderate Buy" and an average target price of GBX 505.07 ($6.78).

B&M European Value Retail Stock Up 1.8%

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

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%. On average, equities research analysts forecast that B&M European Value Retail will post 38.4814815 earnings per share for the current year.

Insider Activity

In related news, insider Tjeerd Jegen bought 37,500 shares of the stock in a transaction dated Friday, June 13th. The stock was bought at an average price of GBX 270 ($3.62) per share, with a total value of £101,250 ($135,906.04). Also, insider Hounaïda Lasry bought 7,600 shares of the stock in a transaction dated 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). In the last ninety days, insiders have acquired 160,500 shares of company stock valued at $42,621,400. Corporate 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.