B&M European Value Retail (LON:BME – Get Free Report)‘s stock had its “underweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday, MarketBeat.com reports.
A number of other brokerages have also recently commented on BME. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 660 ($8.37) price target on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Jefferies Financial Group cut B&M European Value Retail to a “hold” rating and increased their target price for the stock from GBX 380 ($4.82) to GBX 525 ($6.66) in a research note on Monday, April 22nd. Finally, Shore Capital reissued a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 573.17 ($7.27).
Check Out Our Latest Stock Analysis on BME
B&M European Value Retail Stock Performance
Insider Transactions at B&M European Value Retail
In other B&M European Value Retail news, insider Hounaïda Lasry purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was bought at an average cost of GBX 500 ($6.34) per share, with a total value of £35,000 ($44,399.34). Company insiders own 4.23% of the company’s stock.
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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