Insider Buying: B&M European Value Retail (LON:BME) Insider Acquires 31,650 Shares of Stock

Key Points

• Insider purchase: On November 14, insider Tjeerd Jegen bought 31,650 shares of B&M European Value Retail at GBX 161 per share for a total of £50,956.50.
• Significant recent accumulation: Since early September Jegen has acquired roughly 289,030 shares across multiple trades, spending approximately £676k in total, indicating notable insider buying activity.
• Stock outlook and metrics: BME is trading near its 12-month low (opened GBX 155.70) with a market cap of £1.56bn and a PE of 4.90; analysts give a consensus rating of “Moderate Buy” with an average price target of GBX 291.11, although several firms have recently cut targets.

B&M European Value Retail S.A. (LON:BME - Get Free Report) insider Tjeerd Jegen acquired 31,650 shares of the company's stock in a transaction on Friday, November 14th. The shares were bought at an average price of GBX 161 per share, for a total transaction of £50,956.50.

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

• On Wednesday, September 17th, Tjeerd Jegen purchased 50,400 shares of B&M European Value Retail stock. The shares were purchased at an average cost of GBX 250 per share, for a total transaction of £126,000.
• On Friday, September 12th, Tjeerd Jegen purchased 61,500 shares of B&M European Value Retail stock. The shares were purchased at an average price of GBX 242 per share, for a total transaction of £148,830.
• On Tuesday, September 9th, Tjeerd Jegen acquired 79,500 shares of B&M European Value Retail stock. The stock was purchased at an average cost of GBX 250 per share, with a total value of £198,750.
• On Tuesday, September 2nd, Tjeerd Jegen acquired 43,480 shares of B&M European Value Retail stock. The stock was purchased at an average price of GBX 228 per share, with a total value of £99,134.40.
• On Wednesday, September 3rd, Tjeerd Jegen bought 22,500 shares of B&M European Value Retail stock. The shares were purchased at an average cost of GBX 231 per share, for a total transaction of £51,975.

B&M European Value Retail Stock Performance

BME stock opened at GBX 155.70 on Tuesday. 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 firm has a market cap of £1.56 billion, a PE ratio of 4.90 and a beta of 1.05. The business has a 50 day moving average of GBX 214.97 and a 200-day moving average of GBX 250.98. B&M European Value Retail S.A. has a 12-month low of GBX 155.15 and a 12-month high of GBX 378.50.

B&M European Value Retail (LON:BME - Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported GBX 7.20 EPS for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. As a group, sell-side analysts expect that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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 report on Wednesday, October 8th. Peel Hunt restated an "add" rating and set a GBX 200 price target on shares of B&M European Value Retail in a research note on Thursday, November 13th. Citigroup dropped their price objective on B&M European Value Retail from GBX 290 to GBX 225 and set a "buy" rating on the stock in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on B&M European Value Retail from GBX 250 to GBX 235 and set a "buy" rating for the company in a report on Wednesday, November 12th. Finally, Jefferies Financial Group lowered their target price on 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. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 291.11.

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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