B&M European Value Retail S.A. (LON:BME) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• B&M European Value Retail S.A. has received a consensus rating of "Moderate Buy" from fifteen analysts, with twelve giving a buy recommendation and only two rating the stock as a sell.
• The average 1-year price target for B&M European Value Retail among analysts is GBX 376.88, with recent adjustments from firms like Canaccord Genuity and Citigroup lowering their targets.
• Insider Tjeerd Jegen acquired 50,400 shares of the company stock recently, contributing to a total of 257,380 shares purchased by insiders in the last 90 days.

B&M European Value Retail S.A. (LON:BME - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 376.88.

BME has been the topic of several analyst reports. Canaccord Genuity Group lowered their price target on B&M European Value Retail from GBX 490 to GBX 395 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Peel Hunt reiterated a "buy" rating and set a GBX 400 price target on shares of B&M European Value Retail in a report on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price objective on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an "underweight" rating on the stock in a research note on Wednesday, October 8th. Citigroup lowered their price objective on shares of B&M European Value Retail from GBX 361 to GBX 290 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 410 price objective on shares of B&M European Value Retail in a research note on Tuesday, July 15th.

B&M European Value Retail Trading Down 0.3%

Shares of BME stock opened at GBX 230.05 on Monday. B&M European Value Retail has a 12 month low of GBX 200.20 and a 12 month high of GBX 413.62. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The business's 50 day moving average is GBX 240.49 and its two-hundred day moving average is GBX 273.08. The company has a market cap of £2.31 billion, a PE ratio of 723.42 and a beta of 1.05.

Insider Activity

In related news, insider Tjeerd Jegen acquired 50,400 shares of the stock in a transaction dated Wednesday, September 17th. The shares were acquired at an average price of GBX 250 per share, for a total transaction of £126,000. Insiders have acquired a total of 257,380 shares of company stock valued at $62,468,940 in the last 90 days. Company insiders own 22.78% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.