Citigroup Has Lowered Expectations for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its price objective lowered by Citigroup from GBX 456 ($6.12) to GBX 361 ($4.85) in a research report released on Wednesday morning, Marketbeat.com reports. Citigroup currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 490 ($6.58) price objective on shares of B&M European Value Retail in a report on Monday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 410 ($5.50) target price on shares of B&M European Value Retail in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of B&M European Value Retail from GBX 281 ($3.77) to GBX 207 ($2.78) and set an “underweight” rating for the company in a research report on Wednesday. Finally, Shore Capital restated a “no recommendation” rating on shares of B&M European Value Retail in a report on Tuesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 505.07 ($6.78).

B&M European Value Retail Price Performance

LON BME opened at GBX 236.70 ($3.18) on Wednesday. B&M European Value Retail has a 52 week low of GBX 220.80 ($2.96) and a 52 week high of GBX 475.80 ($6.39). The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 5.66 and a beta of 1.05. The company has a 50-day moving average price of GBX 290.55 and a two-hundred day moving average price of GBX 299.48.

B&M European Value Retail (LON:BME) last issued its quarterly earnings data on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) earnings per share (EPS) for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. Analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tjeerd Jegen bought 37,500 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was bought at an average price of GBX 270 ($3.62) per share, with a total value of £101,250 ($135,906.04). Also, insider Hounaïda Lasry acquired 7,600 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average cost of GBX 262 ($3.52) per share, with a total value of £19,912 ($26,727.52). Insiders have acquired a total of 160,500 shares of company stock valued at $42,621,400 in the last three months. Company insiders own 4.22% 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.