B&M European Value Retail (LON:BME) Price Target Raised to GBX 170

B&M European Value Retail (LON:BME) had its target price upped by JPMorgan Chase & Co. from GBX 163 to GBX 170 in a research note published on Friday morning, Marketbeat.com reports. The firm currently has an underweight rating on the stock.

Several other brokerages also recently commented on BME. Canaccord Genuity Group dropped their target price on shares of B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Peel Hunt restated an “add” rating and set a GBX 200 price objective on shares of B&M European Value Retail in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Berenberg Bank lowered their target price on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Citigroup dropped their price target on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, B&M European Value Retail presently has an average rating of “Moderate Buy” and a consensus price target of GBX 213.13.

B&M European Value Retail Trading Down 7.2%

Shares of LON BME opened at GBX 161.60 on Friday. The stock has a market cap of £1.62 billion, a price-to-earnings ratio of 6.54 and a beta of 1.05. 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 debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The business has a 50 day simple moving average of GBX 165.11 and a 200 day simple moving average of GBX 203.46.

B&M European Value Retail (LON:BME) last posted its 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 return on equity of 43.85% and a net margin of 5.81%. On average, research analysts predict that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tjeerd Jegen bought 29,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were bought at an average price of GBX 164 per share, for a total transaction of £47,560. Insiders purchased a total of 123,950 shares of company stock worth $19,757,500 in the last three months. Insiders own 22.79% of the company’s stock.

Key B&M European Value Retail News

Here are the key news stories impacting B&M European Value Retail this week:

• Positive Sentiment: Shore Capital reaffirmed its “buy” rating on BME, maintaining analyst support for the shares despite recent headwinds. Read More.
• Neutral Sentiment: JPMorgan raised its price target from GBX 163 to GBX 170 but kept an “underweight” rating — a modestly higher target but still a cautious stance from a large broker, which may limit upside from institutional buyers. Read More.
• Negative Sentiment: B&M cut profit guidance after increased investments in pricing and clearance activity, citing margin pressure from those actions — this operational outlook change is the most direct negative catalyst for the share move. Read More.
• Negative Sentiment: Canaccord Genuity trimmed its price target from GBX 245 to GBX 230 but kept a “buy” rating, signaling reduced upside expectations after the company’s guidance and margin actions. Read More.
• Negative Sentiment: Deutsche Bank lowered its price target from GBX 180 to GBX 175 while maintaining a “buy” rating — another analyst cut to targets that adds downward pressure on sentiment. Read More.

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.