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

Key Points

• Jefferies Financial Group has decreased its target price for B&M European Value Retail from GBX 305 to GBX 265, maintaining a "hold" rating, which indicates cautious sentiment towards the stock's future performance.
• Despite Jefferies' downgrade, other firms like Deutsche Bank and Citigroup have emphasized "buy" ratings, with target prices ranging from GBX 290 to GBX 410, highlighting a divergence in analyst opinions.
• Insider transactions show significant activity, with insiders purchasing 257,380 shares valued at approximately £62.47 million, suggesting confidence in the company's future among its leadership.

B&M European Value Retail (LON:BME - Get Free Report) had its target price dropped by research analysts at Jefferies Financial Group from GBX 305 to GBX 265 in a research note issued to investors on Monday, Marketbeat reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's target price would suggest a potential upside of 15.80% from the stock's previous close.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 410 price target on shares of B&M European Value Retail in a research report on Tuesday, July 15th. Citigroup decreased their price target on B&M European Value Retail from GBX 361 to GBX 290 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Canaccord Genuity Group dropped 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. Peel Hunt reiterated a "buy" rating and issued a GBX 400 target price on shares of B&M European Value Retail in a research report on Tuesday, October 7th. Finally, Berenberg Bank dropped their target price on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a "buy" rating for the company in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, B&M European Value Retail currently has an average rating of "Moderate Buy" and a consensus target price of GBX 364.44.

B&M European Value Retail Trading Down 0.5%

BME opened at GBX 228.84 on Monday. The stock has a market capitalization of £2.30 billion, a price-to-earnings ratio of 719.61 and a beta of 1.05. 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 twelve month low of GBX 200.20 and a twelve month high of GBX 413.62. The company has a 50-day simple moving average of GBX 240.49 and a 200 day simple moving average of GBX 273.08.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Tjeerd Jegen bought 50,400 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were bought at an average price of GBX 250 per share, for a total transaction of £126,000. In the last three months, insiders have acquired 257,380 shares of company stock valued at $62,468,940. Insiders own 22.78% of the company's stock.

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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