B&M European Value Retail (LON:BME) Price Target Lowered to GBX 395 at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reduced its price target for B&M European Value Retail from GBX 490 to GBX 395, while maintaining a "buy" rating, indicating a potential upside of 69.57% from the previous close.
• The company's current stock performance shows a trading price of GBX 232.94, down GBX 3.26, with a market capitalization of £2.34 billion and a PE ratio of 732.52.
• Insider Tjeerd Jegen recently acquired 79,500 shares of the company's stock, reflecting confidence in its future performance, as insiders now own 22.78% of B&M European Value Retail.

B&M European Value Retail (LON:BME - Get Free Report) had its price target dropped by equities research analysts at Canaccord Genuity Group from GBX 490 to GBX 395 in a report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 69.57% from the company's previous close.

A number of other equities analysts have also recently issued reports on the company. Peel Hunt reissued a "buy" rating and issued a GBX 400 target price on shares of B&M European Value Retail in a report on Tuesday. Shore Capital reaffirmed a "hold" 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 price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th. JPMorgan Chase & Co. decreased their price target on B&M European Value Retail from GBX 281 to GBX 207 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Citigroup decreased their price target on B&M European Value Retail from GBX 456 to GBX 361 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on 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 Performance

BME traded down GBX 3.26 on Wednesday, hitting GBX 232.94. 456,214,563 shares of the stock traded hands, compared to its average volume of 15,642,573. B&M European Value Retail has a 52 week low of GBX 200.20 and a 52 week high of GBX 413.62. 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 firm has a market capitalization of £2.34 billion, a PE ratio of 732.52 and a beta of 1.05. The business has a fifty day moving average price of GBX 239.99 and a two-hundred day moving average price of GBX 273.61.

Insider Transactions at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen acquired 79,500 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of GBX 250 per share, for a total transaction of £198,750. In the last ninety days, insiders acquired 257,380 shares of company stock valued at $62,468,940. Insiders own 22.78% 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.

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