Shore Capital Reiterates "Under review" Rating for B&M European Value Retail (LON:BME)

Key Points

• Shore Capital has reiterated its "under review" rating for B&M European Value Retail, reflecting ongoing uncertainty in the stock’s performance.
• Citi and Jefferies both lowered their price targets for B&M European Value Retail to GBX 290 and GBX 265, respectively, affecting overall sentiment and analysis of the stock.
• Insider transactions show significant activity, with insiders acquiring over 257,000 shares valued at approximately £62.5 million in the last ninety days, indicating potential confidence in the company's future.

B&M European Value Retail (LON:BME - Get Free Report)'s stock had its "under review" rating reissued by stock analysts at Shore Capital in a research note issued to investors on Monday,Digital Look reports.

A number of other equities research analysts also recently weighed in on the company. Citigroup dropped their target price on B&M European Value Retail from GBX 361 to GBX 290 and set a "buy" rating for the company in a report on Wednesday, October 8th. Jefferies Financial Group decreased their price target on B&M European Value Retail from GBX 305 to GBX 265 and set a "hold" rating on the stock in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft restated 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. Canaccord Genuity Group decreased their price target on B&M European Value Retail from GBX 490 to GBX 395 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Finally, Berenberg Bank lowered their target price on B&M European Value Retail from GBX 590 to GBX 450 and set a "buy" rating for the company in a research note on Thursday, October 9th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 347.78.

B&M European Value Retail Trading Down 20.1%

LON:BME opened at GBX 173.80 on Monday. The company has a market cap of £1.75 billion, a P/E ratio of 5.47 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 172.90 and a twelve month high of GBX 411.30. The business has a 50 day moving average price of GBX 240.63 and a two-hundred day moving average price of GBX 271.32.

Insider Buying and Selling

In related news, insider Tjeerd Jegen purchased 50,400 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was acquired at an average cost of GBX 250 per share, with a total value of £126,000. Over the last ninety days, insiders acquired 257,380 shares of company stock valued at $62,468,940. Corporate 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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