Citigroup Lowers B&M European Value Retail (LON:BME) Price Target to GBX 510

B&M European Value Retail (LON:BME) had its target price lowered by research analysts at Citigroup from GBX 540 ($6.80) to GBX 510 ($6.42) in a research report issued on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 47.27% from the stock’s previous close.

BME has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research note on Wednesday, October 30th. Panmure Gordon started coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of B&M European Value Retail in a research note on Monday, September 9th. They issued an “underweight” rating and a 469.00 target price for the company. Investec set a 495.00 price target on shares of B&M European Value Retail and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, Barclays set a 570.00 price objective on shares of B&M European Value Retail and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 561.22 ($7.07).

B&M European Value Retail Trading Up 2.2 %

B&M European Value Retail stock traded up GBX 7.30 ($0.09) during mid-day trading on Friday, hitting GBX 346.30 ($4.36). 5,004,899 shares of the company’s stock were exchanged, compared to its average volume of 4,232,208. The firm has a market capitalization of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a fifty-two week low of GBX 324.80 ($4.09) and a fifty-two week high of GBX 618.20 ($7.78). The company’s 50 day simple moving average is GBX 400.18 and its 200-day simple moving average is GBX 450.55. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86.

Insider Buying and Selling

In other news, insider Alex Russo sold 8,602 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). 4.22% of the stock is owned by company 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.