B&M European Value Retail (LON:BME) Receives Hold Rating from Shore Capital

Key Points

• B&M European Value Retail's stock received a "hold" rating from Shore Capital, with a current consensus rating of "Moderate Buy" and an average price target of GBX 383.29.
• Several analysts have rated the stock differently; Deutsche Bank maintains a "buy" rating with a target of GBX 410, while Citigroup and JPMorgan lowered their price objectives significantly.
• Insider transactions indicate confidence in the company, as insiders purchased 257,380 shares valued at over $62 million in the last quarter, representing 22.78% of the stock owned by them.

B&M European Value Retail (LON:BME - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Shore Capital in a report released on Tuesday,Digital Look reports.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 410 price objective on shares of B&M European Value Retail in a report on Tuesday, July 15th. Citigroup lowered their price objective 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. 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, Canaccord Genuity Group reissued a "buy" rating and set a GBX 490 price objective on shares of B&M European Value Retail in a report on Monday, June 9th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 383.29.

B&M European Value Retail Stock Performance

BME traded down GBX 19.04 on Tuesday, hitting GBX 237.16. 445,924,281 shares of the stock traded hands, compared to its average volume of 15,536,742. The business has a fifty day moving average price of GBX 239.80 and a two-hundred day moving average price of GBX 273.87. 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 £2.38 billion, a PE ratio of 745.80 and a beta of 1.05. B&M European Value Retail has a 52 week low of GBX 200.20 and a 52 week high of GBX 416.02.

Insider Transactions at B&M European Value Retail

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