JPMorgan Chase & Co. Forecasts Strong Price Appreciation for B&M European Value Retail (LON:BME) Stock

B&M European Value Retail (LON:BME) had its price target lifted by research analysts at JPMorgan Chase & Co. from GBX 163 to GBX 170 in a note issued to investors on Friday, MarketBeat reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.44% from the company’s previous close.

BME has been the subject of several other reports. Berenberg Bank lowered their price objective on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a research note on Thursday, December 4th. Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a research report on Thursday, November 13th. 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 research note on Wednesday, October 22nd. Jefferies Financial Group cut their price objective 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. Finally, Peel Hunt reissued an “add” rating and issued a GBX 200 target price on shares of B&M European Value Retail in a research note on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, B&M European Value Retail presently has an average rating of “Moderate Buy” and a consensus target price of GBX 222.50.

B&M European Value Retail Price Performance

BME stock opened at GBX 165.95 on Friday. B&M European Value Retail has a 52 week low of GBX 154 and a 52 week high of GBX 350. The firm has a market capitalization of £1.67 billion, a P/E ratio of 6.72 and a beta of 1.05. The company has a fifty day simple moving average of GBX 165.13 and a two-hundred day simple moving average of 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 (LON:BME) last announced its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. Analysts anticipate that B&M European Value Retail will post 38.4814815 earnings per share for the current fiscal year.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 29,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average price of GBX 164 per share, with a total value of £47,560. Insiders have purchased a total of 123,950 shares of company stock worth $19,757,500 over the last ninety days. Insiders own 22.79% 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.