Shore Capital Group Reiterates Hold Rating for B&M European Value Retail (LON:BME)

B&M European Value Retail (LON:BME)‘s stock had its “hold” rating reissued by research analysts at Shore Capital Group in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 215 target price on the stock. Shore Capital Group’s price objective would indicate a potential upside of 10.54% from the stock’s previous close.

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 180 price objective on shares of B&M European Value Retail in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, B&M European Value Retail currently has an average rating of “Hold” and a consensus price target of GBX 206.25.

B&M European Value Retail Trading Down 4.7%

Shares of BME stock opened at GBX 194.50 on Wednesday. The firm has a market capitalization of £1.95 billion, a P/E ratio of 11.93 and a beta of 1.09. B&M European Value Retail has a twelve month low of GBX 140 and a twelve month high of GBX 269.30. The company has a quick ratio of 0.38, a current ratio of 1.42 and a debt-to-equity ratio of 306.52. The stock’s fifty day simple moving average is GBX 185.83 and its 200 day simple moving average is GBX 178.56.

B&M European Value Retail (LON:BME) last posted its earnings results on Wednesday, June 3rd. The company reported GBX 16.30 EPS for the quarter. B&M European Value Retail had a return on equity of 21.74% and a net margin of 2.84%.The firm had revenue of GBX 577.50 billion during the quarter. As a group, sell-side analysts predict that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Activity

In other news, insider Tjeerd Jegen bought 53,100 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of GBX 187 per share, with a total value of £99,297. Also, insider Peter Pritchard purchased 53,016 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average price of GBX 192 per share, with a total value of £101,790.72. Corporate insiders own 22.81% 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.