Brokerages Set B&M European Value Retail S.A. (LON:BME) Target Price at GBX 406.60

Key Points

• B&M European Value Retail S.A. has received an average analyst recommendation of "Moderate Buy", with 10 buy ratings, 2 hold ratings, and 2 sell ratings from 14 analysts.
• The 12-month price target for the stock is set at GBX 406.60 ($5.43), although target prices vary among analysts, with estimates ranging from GBX 207 to GBX 490.
• In recent insider transactions, executives purchased a total of 160,500 shares of B&M stock, reflecting confidence in the company's future performance.

Shares of B&M European Value Retail S.A. (LON:BME - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 406.60 ($5.40).

BME has been the topic of several research analyst reports. Citigroup cut their target price on B&M European Value Retail from GBX 456 ($6.05) to GBX 361 ($4.79) and set a "buy" rating on the stock in a research report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price target on B&M European Value Retail from GBX 281 ($3.73) to GBX 207 ($2.75) and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 490 ($6.50) target price on shares of B&M European Value Retail in a research note on Monday, June 9th. Shore Capital reiterated a "no recommendation" rating on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 410 ($5.44) price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th.

B&M European Value Retail Trading Down 2.3%

B&M European Value Retail stock traded down GBX 5.10 ($0.07) during midday trading on Wednesday, reaching GBX 219.30 ($2.91). 6,079,321 shares of the stock traded hands, compared to its average volume of 14,081,710. The company has a 50-day simple moving average of GBX 269.18 and a two-hundred day simple moving average of GBX 291.73. B&M European Value Retail has a 12-month low of GBX 217.94 ($2.89) and a 12-month high of GBX 466 ($6.19). The firm has a market cap of £2.21 billion, a PE ratio of 5.25 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.

B&M European Value Retail (LON:BME - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.42) 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%. Research analysts expect that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tjeerd Jegen purchased 45,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of GBX 262 ($3.48) per share, with a total value of £117,900 ($156,490.58). Also, insider Hounaïda Lasry bought 7,600 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average price of GBX 262 ($3.48) per share, with a total value of £19,912 ($26,429.52). Over the last three months, insiders bought 160,500 shares of company stock valued at $42,621,400. Insiders own 4.22% 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.