Shore Capital Cuts B&M European Value Retail (LON:BME) Price Target to GBX 230

Key Points

• Shore Capital has cut the price target for B&M European Value Retail from GBX 300 to GBX 230, maintaining a "buy" rating, with a potential upside of 30.64% from the current stock price.
• Other analysts have varied opinions; for instance, JPMorgan Chase set a price objective of GBX 205 and an "underweight" rating, while Citigroup revised their target to GBX 225 with a "buy" rating.
• Insider buying has been notable, with Tjeerd Jegen purchasing 50,400 shares at GBX 250, contributing to a total insider purchase of 257,380 shares valued at approximately $62.5 million in the last 90 days.

B&M European Value Retail (LON:BME - Get Free Report) had its target price cut by stock analysts at Shore Capital from GBX 300 to GBX 230 in a research note issued on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Shore Capital's target price suggests a potential upside of 30.64% from the stock's current price.

A number of other equities analysts also recently commented on BME. JPMorgan Chase & Co. cut their price objective on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an "underweight" rating for the company in a research report on Wednesday, October 8th. Citigroup cut their price objective on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a "buy" rating for the company in a research report on Tuesday. Peel Hunt reaffirmed an "add" rating and set a GBX 250 price target on shares of B&M European Value Retail in a research note on Monday. Jefferies Financial Group lowered their price target on shares of 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. Finally, Berenberg Bank lowered their price target on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a "buy" rating on the stock in a research note on Thursday, October 9th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 298.33.

B&M European Value Retail Stock Performance

BME stock traded up GBX 4.05 on Wednesday, hitting GBX 176.05. The company's stock had a trading volume of 64,234,902 shares, compared to its average volume of 13,539,908. The firm has a 50 day moving average of GBX 238.52 and a two-hundred day moving average of GBX 269.89. B&M European Value Retail has a 1 year low of GBX 162.05 and a 1 year high of GBX 411.30. The stock has a market cap of £1.77 billion, a price-to-earnings ratio of 5.54 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

Insider Buying and Selling

In other B&M European Value Retail news, insider Tjeerd Jegen acquired 50,400 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were purchased at an average cost of GBX 250 per share, with a total value of £126,000. Over the last 90 days, insiders have bought 257,380 shares of company stock valued at $62,468,940. 22.78% of the stock is currently owned by corporate insiders.

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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