B&M European Value Retail (LON:BME) Receives “Buy” Rating from Citigroup

B&M European Value Retail (LON:BME)‘s stock had its “buy” rating restated by research analysts at Citigroup in a report issued on Friday,Digital Look reports. They presently have a GBX 456 ($5.90) target price on the stock. Citigroup’s price target would suggest a potential upside of 72.73% from the stock’s previous close.

Several other research firms have also recently weighed in on BME. JPMorgan Chase & Co. cut their price target on B&M European Value Retail from GBX 349 ($4.52) to GBX 320 ($4.14) and set an “underweight” rating for the company in a report on Monday, January 13th. Canaccord Genuity Group dropped their price objective on shares of B&M European Value Retail from GBX 545 ($7.06) to GBX 490 ($6.34) and set a “buy” rating for the company in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 538.76 ($6.98).

B&M European Value Retail Trading Up 1.1 %

BME stock opened at GBX 264 ($3.42) on Friday. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. B&M European Value Retail has a 1-year low of GBX 254.60 ($3.30) and a 1-year high of GBX 556.60 ($7.21). The business has a 50 day simple moving average of GBX 292.82 and a two-hundred day simple moving average of GBX 351.29. The company has a market capitalization of £2.66 billion, a price-to-earnings ratio of 6.31 and a beta of 1.05.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Oliver Tant acquired 7,500 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of GBX 285 ($3.69) per share, for a total transaction of £21,375 ($27,673.49). 4.22% of the stock is currently owned by corporate 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.