Citigroup Lowers B&M European Value Retail (LON:BME) Price Target to GBX 510

B&M European Value Retail (LON:BME) had its target price decreased by Citigroup from GBX 540 ($6.80) to GBX 510 ($6.42) in a research note issued to investors on Tuesday, July 16th, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 47.27% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of B&M European Value Retail in a research report on Friday, June 28th. Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 660 ($8.31) price target on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Jefferies Financial Group downgraded shares of B&M European Value Retail to a “hold” rating and raised their price objective for the stock from GBX 380 ($4.78) to GBX 525 ($6.61) in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 ($7.55) target price on shares of B&M European Value Retail in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 568.79 ($7.16).

B&M European Value Retail Trading Up 2.2 %

Shares of BME stock traded up GBX 7.30 ($0.09) on Tuesday, hitting GBX 346.30 ($4.36). The company had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. The stock’s 50-day moving average is GBX 400.18 and its two-hundred day moving average is GBX 450.55. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The firm has a market cap of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a twelve month low of GBX 324.80 ($4.09) and a twelve month high of GBX 618.20 ($7.78).

Insider Transactions at B&M European Value Retail

In related news, insider Alex Russo sold 8,602 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). Company insiders own 4.22% 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.