Canaccord Genuity Group Lowers B&M European Value Retail (LON:BME) Price Target to GBX 245

Key Points

• Canaccord Genuity Group has reduced its price target for B&M European Value Retail from GBX 395 to GBX 245, while maintaining a "buy" rating, indicating a potential upside of 39.17% from the company's previous close.
• Other analysts including Shore Capital and Berenberg Bank have also lowered their price targets for B&M European Value Retail, with an average target price of GBX 298.33 across multiple analysts.
• Insider trading activity shows positive sentiment as insiders purchased a total of 257,380 shares of the company stock in recent months, suggesting confidence in the stock's future performance.

B&M European Value Retail (LON:BME - Get Free Report) had its price target lowered by equities researchers at Canaccord Genuity Group from GBX 395 to GBX 245 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 39.17% from the company's previous close.

BME has been the topic of a number of other reports. Shore Capital decreased their target price on B&M European Value Retail from GBX 300 to GBX 230 and set a "buy" rating on the stock in a report on Wednesday. Berenberg Bank cut their price target on B&M European Value Retail from GBX 590 to GBX 450 and set a "buy" rating for the company in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft cut their price target on B&M European Value Retail from GBX 340 to GBX 250 and set a "buy" rating for the company in a research note on Monday. Citigroup cut their price target on B&M European Value Retail from GBX 290 to GBX 225 and set a "buy" rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group cut their price target on B&M European Value Retail from GBX 305 to GBX 265 and set a "hold" rating for the company in a research note on Monday, October 13th. Eleven 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 298.33.

B&M European Value Retail Stock Performance

B&M European Value Retail stock traded up GBX 4.05 during trading on Wednesday, reaching GBX 176.05. The company had a trading volume of 64,234,902 shares, compared to its average volume of 13,539,908. B&M European Value Retail has a 52 week low of GBX 162.05 and a 52 week high of GBX 411.30. The firm's 50-day simple moving average is GBX 238.52 and its 200 day simple moving average is GBX 269.89. The firm has a market capitalization of £1.77 billion, a price-to-earnings ratio of 5.54 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.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Tjeerd Jegen acquired 79,500 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price of GBX 250 per share, for a total transaction of £198,750. Insiders bought a total of 257,380 shares of company stock worth $62,468,940 in 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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