B&M European Value Retail S.A. (LON:BME) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• B&M European Value Retail S.A. has received an average rating of "Moderate Buy" from 15 brokerages, with 10 buy recommendations, 3 holds, and 2 sells.
• The average twelve-month target price set by the analysts is GBX 380.50, with Citigroup and JPMorgan recently adjusting their price targets and ratings.
• Insider activity shows positive sentiment, as corporate insiders purchased a total of 206,980 shares over the last quarter.

B&M European Value Retail S.A. (LON:BME - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 380.50.

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 410 target price on shares of B&M European Value Retail in a report on Tuesday, July 15th. Citigroup dropped their price objective on shares of 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. dropped their price objective on shares of 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. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 490 price objective on shares of B&M European Value Retail in a research note on Monday, June 9th. Finally, Shore Capital assumed coverage on shares of B&M European Value Retail in a research note on Tuesday, September 2nd. They issued a "hold" rating and a GBX 250 price objective on the stock.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 79,500 shares of the stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average cost of GBX 250 per share, with a total value of £198,750. Over the last 90 days, insiders have acquired 206,980 shares of company stock worth $49,868,940. Corporate insiders own 22.78% of the company's stock.

B&M European Value Retail Stock Performance

Shares of B&M European Value Retail stock traded down GBX 3.50 during trading on Thursday, reaching GBX 250. The company's stock had a trading volume of 12,630,172 shares, compared to its average volume of 13,865,309. The company has a 50-day moving average price of GBX 234.68 and a two-hundred day moving average price of GBX 274.71. The firm has a market cap of £2.51 billion, a PE ratio of 786.16 and a beta of 1.05. B&M European Value Retail has a fifty-two week low of GBX 216.40 and a fifty-two week high of GBX 428.30. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

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.