Jefferies Financial Group Lowers B&M European Value Retail (LON:BME) Price Target to GBX 410
B&M European Value Retail (LON:BME) had its target price reduced by research analysts at Jefferies Financial Group from GBX 420 ($5.49) to GBX 410 ($5.36) in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 8.52% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. UBS Group reissued a “buy” rating on shares of B&M European Value Retail in a research note on Tuesday. Morgan Stanley reissued an “equal weight” rating on shares of B&M European Value Retail in a research note on Monday. Barclays reissued an “overweight” rating on shares of B&M European Value Retail in a research note on Tuesday, July 16th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 390 ($5.10) price target on shares of B&M European Value Retail in a research note on Thursday, August 22nd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 450 ($5.88) price target on shares of B&M European Value Retail in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 427.23 ($5.58).
BME traded up GBX 6.40 ($0.08) during trading on Wednesday, hitting GBX 377.80 ($4.94). The company’s stock had a trading volume of 3,158,615 shares, compared to its average volume of 3,550,000. B&M European Value Retail has a twelve month low of GBX 277.70 ($3.63) and a twelve month high of GBX 402.50 ($5.26). The company has a quick ratio of 0.16, a current ratio of 1.23 and a debt-to-equity ratio of 208.08. The stock’s fifty day moving average price is GBX 372.44 and its 200-day moving average price is GBX 362.54. The firm has a market capitalization of $3.76 billion and a P/E ratio of 28.84.
B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.
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