Citigroup Issues Pessimistic Forecast for B&M European Value Retail (LON:BME) Stock Price

Key Points

• Citigroup has reduced its price target for B&M European Value Retail from GBX 290 to GBX 225, suggesting a potential upside of 27.73% from the stock's current price.
• Several analysts have also lowered their price targets on B&M, with Canaccord Genuity and Berenberg Bank setting targets at GBX 395 and GBX 450, respectively, while the stock maintains a "Moderate Buy" average rating.
• Insiders have been actively buying shares, with a total of 257,380 shares purchased in the last ninety days, indicating confidence in the company's prospects.

B&M European Value Retail (LON:BME - Get Free Report) had its price target decreased by stock analysts at Citigroup from GBX 290 to GBX 225 in a research note issued on Tuesday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 27.73% from the stock's current price.

BME has been the subject of a number of other reports. Canaccord Genuity Group lowered their price objective on B&M European Value Retail from GBX 490 to GBX 395 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Berenberg Bank decreased their target price on B&M European Value Retail from GBX 590 to GBX 450 and set a "buy" rating for the company in a research report on Thursday, October 9th. Peel Hunt reiterated an "add" rating and issued a GBX 250 price objective on shares of B&M European Value Retail in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective on B&M European Value Retail from GBX 340 to GBX 250 and set a "buy" rating for the company in a research report on Monday. Finally, Shore Capital restated an "under review" rating on shares of B&M European Value Retail in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 322.78.

B&M European Value Retail Stock Performance

B&M European Value Retail stock opened at GBX 176.15 on Tuesday. The stock has a 50-day simple moving average of GBX 239.52 and a 200 day simple moving average of GBX 270.57. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 12-month low of GBX 162.05 and a 12-month high of GBX 411.30. The stock has a market capitalization of £1.77 billion, a price-to-earnings ratio of 5.54 and a beta of 1.05.

Insider Activity at B&M European Value Retail

In other news, insider Tjeerd Jegen acquired 79,500 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of GBX 250 per share, with a total value of £198,750. Over the last ninety days, insiders have bought 257,380 shares of company stock valued at $62,468,940. 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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