B&M European Value Retail (LON:BME) Insider Tjeerd Jegen Acquires 50,400 Shares

Key Points

• Tjeerd Jegen, an insider at B&M European Value Retail, made significant stock purchases including 50,400 shares at GBX 250 per share, totaling £126,000.
• The company's stock recently traded at GBX 252.20 with analysts rating it as a "Moderate Buy" and an average price target of GBX 380.50.
• B&M European Value Retail has a market cap of £2.53 billion and notable variations in analyst price targets ranging from GBX 207 to GBX 490.

B&M European Value Retail S.A. (LON:BME - Get Free Report) insider Tjeerd Jegen acquired 50,400 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was acquired at an average cost of GBX 250 per share, for a total transaction of £126,000.

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

• On Friday, September 12th, Tjeerd Jegen acquired 61,500 shares of B&M European Value Retail stock. The shares were bought at an average cost of GBX 242 per share, with a total value of £148,830.
• On Tuesday, September 9th, Tjeerd Jegen acquired 79,500 shares of B&M European Value Retail stock. The shares were bought 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 shares were bought at an average cost of GBX 228 per share, with a total value of £99,134.40.
• On Wednesday, September 3rd, Tjeerd Jegen acquired 22,500 shares of B&M European Value Retail stock. The shares were bought at an average cost of GBX 231 per share, with a total value of £51,975.

B&M European Value Retail Trading Down 1.4%

Shares of BME stock traded down GBX 3.60 during trading hours on Monday, hitting GBX 246.40. 2,536,103 shares of the company were exchanged, compared to its average volume of 13,806,234. The firm has a market cap of £2.48 billion, a P/E ratio of 774.84 and a beta of 1.05. B&M European Value Retail S.A. has a fifty-two week low of GBX 216.40 and a fifty-two week high of GBX 428.30. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The company has a 50 day simple moving average of GBX 234.45 and a two-hundred day simple moving average of GBX 274.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BME. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 490 price objective on shares of B&M European Value Retail in a research report on Monday, June 9th. Shore Capital started coverage on shares of B&M European Value Retail in a research report on Tuesday, September 2nd. They issued a "hold" rating and a GBX 250 price target for the company. Citigroup reduced their price target on shares of B&M European Value Retail from GBX 456 to GBX 361 and set a "buy" rating for the company in a research report on Wednesday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of B&M European Value Retail from GBX 281 to GBX 207 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 410 price target on shares of B&M European Value Retail in a research report on Tuesday, July 15th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, B&M European Value Retail currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 380.50.

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.