B&M European Value Retail (LON:BME) Price Target Cut to GBX 490 by Analysts at Canaccord Genuity Group

B&M European Value Retail (LON:BME) had its price objective decreased by equities researchers at Canaccord Genuity Group from GBX 545 ($6.91) to GBX 490 ($6.21) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 71.57% from the company’s current price.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group reduced their price target on B&M European Value Retail from GBX 600 ($7.61) to GBX 565 ($7.17) and set a “buy” rating for the company in a research note on Friday, November 22nd. Morgan Stanley set a 358.00 price target on shares of B&M European Value Retail and gave the company an “underweight” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the stock a “buy” rating in a research note on Wednesday, October 30th. HSBC set a 640.00 target price on shares of B&M European Value Retail and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of B&M European Value Retail from GBX 349 ($4.43) to GBX 320 ($4.06) and set an “underweight” rating for the company in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 546.83 ($6.94).

B&M European Value Retail Stock Performance

LON BME opened at GBX 285.60 ($3.62) on Tuesday. The firm has a 50-day moving average of GBX 326.85 and a 200-day moving average of GBX 377.02. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The stock has a market cap of £2.88 billion, a PE ratio of 6.83 and a beta of 1.05. B&M European Value Retail has a 52-week low of GBX 254.60 ($3.23) and a 52-week high of GBX 561.80 ($7.12).

Insider Buying and Selling

In other news, insider Oliver Tant purchased 12,500 shares of the stock in a transaction on Friday, December 6th. The stock was purchased at an average price of GBX 361 ($4.58) per share, for a total transaction of £45,125 ($57,228.92). 4.22% of the stock is currently owned by insiders.

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.