Peel Hunt Reaffirms “Add” Rating for B&M European Value Retail (LON:BME)

B&M European Value Retail (LON:BME)‘s stock had its “add” rating reissued by Peel Hunt in a report released on Thursday,Digital Look reports. They currently have a GBX 200 price objective on the stock. Peel Hunt’s target price suggests a potential upside of 22.55% from the company’s current price.

Several other research analysts also recently weighed in on the company. Shore Capital dropped their price target on B&M European Value Retail from GBX 300 to GBX 230 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Berenberg Bank reduced their price target on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a report on Thursday, October 9th. Canaccord Genuity Group dropped their price objective on shares of B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Citigroup reduced their target price on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. cut their price target on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 292.78.

B&M European Value Retail Stock Down 0.5%

BME opened at GBX 163.20 on Thursday. The stock has a market cap of £1.64 billion, a price-to-earnings ratio of 5.13 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The firm’s fifty day moving average is GBX 219.65 and its 200 day moving average is GBX 255.23. B&M European Value Retail has a fifty-two week low of GBX 155.60 and a fifty-two week high of GBX 401.

B&M European Value Retail (LON:BME) last posted its quarterly earnings results on Thursday, November 13th. The company reported GBX 7.20 EPS for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. On average, sell-side analysts forecast that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Tjeerd Jegen bought 50,400 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were purchased at an average price of GBX 250 per share, with a total value of £126,000. Over the last three months, insiders purchased 257,380 shares of company stock valued at $62,468,940. 22.78% of the stock is 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.