B&M European Value Retail (LON:BME) Price Target Raised to GBX 585

B&M European Value Retail (LON:BME - Free Report) had its price target upped by JPMorgan Chase & Co. from GBX 566 ($7.11) to GBX 585 ($7.35) in a research note released on Wednesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

BME has been the subject of a number of other research reports. Shore Capital reiterated a not rated rating on shares of B&M European Value Retail in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a GBX 660 ($8.29) price objective on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group cut shares of B&M European Value Retail to a hold rating and upped their price target for the stock from GBX 380 ($4.77) to GBX 525 ($6.59) in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, B&M European Value Retail presently has an average rating of Hold and a consensus price target of GBX 588.29 ($7.39).

B&M European Value Retail Trading Down 2.4 %

Shares of BME traded down GBX 13.40 ($0.17) during trading hours on Wednesday, hitting GBX 535.20 ($6.72). The stock had a trading volume of 3,163,993 shares, compared to its average volume of 2,953,736. B&M European Value Retail has a 12-month low of GBX 454 ($5.70) and a 12-month high of GBX 618.20 ($7.76). The firm has a market cap of £5.35 billion, a P/E ratio of 1,529.14 and a beta of 1.01. The company has a debt-to-equity ratio of 280.00, a quick ratio of 0.38 and a current ratio of 1.37. The company's fifty day simple moving average is GBX 530.22 and its 200 day simple moving average is GBX 538.82.

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.