B&M European Value Retail (LON:BME) Given New GBX 180 Price Target at Citigroup

B&M European Value Retail (LON:BME) had its price target upped by research analysts at Citigroup from GBX 165 to GBX 180 in a report released on Thursday, Marketbeat reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential downside of 0.50% from the company’s current price.

A number of other brokerages have also recently issued reports on BME. Jefferies Financial Group reduced their price objective on B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Canaccord Genuity Group reduced their price objective on shares of B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Shore Capital reissued a “buy” rating on shares of B&M European Value Retail in a research report on Friday, January 23rd. Berenberg Bank decreased their price target on shares of B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a research note on Thursday, December 4th. Finally, Peel Hunt reiterated an “add” rating and set a GBX 200 price objective on shares of B&M European Value Retail in a research note on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, B&M European Value Retail has an average rating of “Moderate Buy” and an average target price of GBX 207.50.

B&M European Value Retail Stock Performance

BME stock traded up GBX 5.90 during midday trading on Thursday, reaching GBX 180.90. 6,402,929 shares of the company’s stock traded hands, compared to its average volume of 33,912,766. B&M European Value Retail has a 52 week low of GBX 154 and a 52 week high of GBX 350. The company has a 50-day moving average price of GBX 166.93 and a two-hundred day moving average price of GBX 199.87. 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 firm has a market capitalization of £1.82 billion, a PE ratio of 7.32 and a beta of 1.05.

B&M European Value Retail (LON:BME) last released its quarterly earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. As a group, equities analysts anticipate that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insider Activity at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 31,850 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of GBX 155 per share, for a total transaction of £49,367.50. Insiders have acquired a total of 123,950 shares of company stock valued at $19,757,500 over the last quarter. 22.79% of the stock is currently owned by insiders.

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.