Canaccord Genuity Group Issues Pessimistic Forecast for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its price objective cut by stock analysts at Canaccord Genuity Group from GBX 245 to GBX 230 in a research report issued on Friday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 39.10% from the company’s previous close.

A number of other research analysts have also commented on BME. Berenberg Bank lowered their price target on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a report on Thursday, December 4th. Citigroup cut their price objective on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Jefferies Financial Group dropped their target price on shares of B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a research report on Thursday, November 20th. Shore Capital reissued a “buy” rating on shares of B&M European Value Retail in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 213.13.

B&M European Value Retail Trading Down 5.0%

Shares of LON BME opened at GBX 165.35 on Friday. The stock has a market capitalization of £1.66 billion, a P/E ratio of 6.69 and a beta of 1.05. The stock’s 50 day moving average price is GBX 165.13 and its two-hundred day moving average price is GBX 205.11. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 52-week low of GBX 154 and a 52-week high of GBX 350.

B&M European Value Retail (LON:BME) last released its quarterly earnings data on Thursday, November 13th. The company reported GBX 7.20 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%. On average, analysts anticipate that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Tjeerd Jegen acquired 29,000 shares of B&M European Value Retail stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of GBX 164 per share, with a total value of £47,560. Over the last 90 days, insiders have bought 123,950 shares of company stock worth $19,757,500. 22.79% of the stock is owned by corporate 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.