B&M European Value Retail S.A. (LON:BME) Receives GBX 457.75 Consensus Price Target from Brokerages

B&M European Value Retail S.A. (LON:BME) has received an average rating of “Moderate Buy” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 457.75 ($6.22).

BME has been the topic of several research reports. Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a report on Tuesday, April 15th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 490 ($6.65) target price on shares of B&M European Value Retail in a report on Monday, June 9th. Finally, Citigroup restated a “buy” rating and issued a GBX 456 ($6.19) target price on shares of B&M European Value Retail in a report on Friday, March 28th.

B&M European Value Retail Price Performance

Shares of BME opened at GBX 260.70 ($3.54) on Tuesday. The company has a market capitalization of £2.63 billion, a P/E ratio of 6.24 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The firm has a 50 day moving average of GBX 318.60 and a 200 day moving average of GBX 315.55. B&M European Value Retail has a twelve month low of GBX 254.60 ($3.46) and a twelve month high of GBX 480 ($6.52).

B&M European Value Retail (LON:BME) last announced its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) earnings per share for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. As a group, equities research analysts anticipate that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Hounaïda Lasry purchased 7,600 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of GBX 262 ($3.56) per share, for a total transaction of £19,912 ($27,035.98). Corporate 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.