B&M European Value Retail's (BME) Add Rating Reaffirmed at Peel Hunt

Key Points

• Peel Hunt has reaffirmed an "add" rating for B&M European Value Retail, with a price target of GBX 250, indicating a potential upside of 42.03% from the current stock price.
• The stock has received mixed ratings from various analysts, with eleven choosing "buy," while some recent targets have been lowered, with Jefferies setting theirs at GBX 265.
• Insider purchases have been significant, with one individual acquiring 50,400 shares at an average price of GBX 250, contributing to a total of 257,380 shares purchased by insiders in the last ninety days.

B&M European Value Retail (LON:BME - Get Free Report)'s stock had its "add" rating reissued by stock analysts at Peel Hunt in a research note issued on Monday,Digital Look reports. They presently have a GBX 250 price target on the stock. Peel Hunt's target price suggests a potential upside of 42.03% from the company's current price.

BME has been the topic of a number of other reports. Jefferies Financial Group reduced their price target on shares of B&M European Value Retail from GBX 305 to GBX 265 and set a "hold" rating on the stock in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 410 target price on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Citigroup cut their price objective on B&M European Value Retail from GBX 361 to GBX 290 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Canaccord Genuity Group lowered their target price on B&M European Value Retail from GBX 490 to GBX 395 and set a "buy" rating for the company in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price target on 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. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 347.78.

B&M European Value Retail Price Performance

Shares of LON:BME opened at GBX 176.02 on Monday. 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 stock has a market capitalization of £1.77 billion, a PE ratio of 5.54 and a beta of 1.05. The firm has a 50 day moving average of GBX 240.63 and a 200-day moving average of GBX 271.32. B&M European Value Retail has a 12 month low of GBX 172.90 and a 12 month high of GBX 411.30.

Insider Buying and Selling

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 50,400 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were purchased at an average cost of GBX 250 per share, for a total transaction of £126,000. Insiders purchased a total of 257,380 shares of company stock worth $62,468,940 over the last ninety days. Company 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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