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 stock analysts at Citigroup from GBX 540 ($6.80) to GBX 510 ($6.42) in a research note issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 47.48% from the company’s current price.

B&M European Value Retail Price Performance

BME opened at GBX 345.80 ($4.35) on Friday. The stock’s 50-day moving average price is GBX 401.79 and its 200 day moving average price is GBX 451.78. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. B&M European Value Retail has a 12-month low of GBX 324.80 ($4.09) and a 12-month high of GBX 618.20 ($7.78). The firm has a market cap of £3.46 billion, a price-to-earnings ratio of 961.11 and a beta of 1.05.

Insiders Place Their Bets

In related news, insider Alex Russo sold 8,602 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,917.76). 4.22% of the stock is currently owned by company insiders.

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.