B&M European Value Retail (LON:BME) Releases Quarterly Earnings Results

B&M European Value Retail (LON:BME) released its quarterly earnings data on Thursday. The company reported GBX 7.20 earnings per share for the quarter, Digital Look Earnings reports. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%.

B&M European Value Retail Price Performance

Shares of BME opened at GBX 162.75 on Friday. The firm has a fifty day simple moving average of GBX 216.73 and a two-hundred day simple moving average of GBX 253.44. The firm has a market cap of £1.64 billion, a PE ratio of 5.12 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 1-year low of GBX 155.15 and a 1-year high of GBX 400.90.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BME shares. Berenberg Bank cut 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. Jefferies Financial Group lowered their price objective on B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft cut their target price on B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating on the stock in a research note on Wednesday. Peel Hunt restated an “add” rating and issued a GBX 200 price target on shares of B&M European Value Retail in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average target price of GBX 291.11.

Insider Activity at B&M European Value Retail

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

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.