B&M European Value Retail (LON:BME) Insider Tjeerd Jegen Purchases 146,910 Shares of Stock

Key Points

• Insider buying: Tjeerd Jegen purchased 146,910 B&M European Value Retail shares at GBX 233 each, investing approximately £342,300. He also bought 18,567 shares the same day and 53,100 shares in June.
• Stock performance: B&M shares opened at GBX 231.60 and were up 2.0%, with a market capitalization of approximately £2.33 billion and a 12-month trading range of GBX 140 to GBX 269.30.
• Analyst outlook: Analysts have an average rating of “Hold” and an average price target of GBX 206.25, despite four Buy ratings, three Holds, and one Sell rating.

B&M European Value Retail S.A. (LON:BME - Get Free Report) insider Tjeerd Jegen bought 146,910 shares of the business's stock in a transaction on Monday, September 7th. The stock was bought at an average price of GBX 233 per share, for a total transaction of £342,300.30.

Tjeerd Jegen also recently made the following trade(s):

• On Monday, September 7th, Tjeerd Jegen acquired 18,567 shares of B&M European Value Retail stock. The shares were bought at an average price of GBX 233 per share, for a total transaction of £43,261.11.
• On Monday, June 22nd, Tjeerd Jegen acquired 53,100 shares of B&M European Value Retail stock. The shares were bought at an average price of GBX 187 per share, for a total transaction of £99,297.

B&M European Value Retail Stock Up 2.0%

LON BME opened at GBX 231.60 on Wednesday. The company's 50 day simple moving average is GBX 221.52 and its 200 day simple moving average is GBX 194.34. The company has a market capitalization of £2.33 billion, a P/E ratio of 14.21 and a beta of 1.11. The company has a debt-to-equity ratio of 306.52, a current ratio of 1.42 and a quick ratio of 0.38. B&M European Value Retail S.A. has a 12 month low of GBX 140 and a 12 month high of GBX 269.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BME shares. Shore Capital Group restated a "hold" rating and issued a GBX 215 price objective on shares of B&M European Value Retail in a research note on Wednesday, July 15th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 180 target price on shares of B&M European Value Retail in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, B&M European Value Retail presently has an average rating of "Hold" and an average price target of GBX 206.25.

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.

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