B&M European Value Retail (LON:BME) Price Target Lowered to GBX 510 at Citigroup

B&M European Value Retail (LON:BME) had its target price lowered by research analysts at Citigroup from GBX 540 ($6.80) to GBX 510 ($6.42) in a note issued to investors on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 47.27% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Redburn Atlantic set a 500.00 price target on shares of B&M European Value Retail and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Barclays set a 570.00 target price on shares of B&M European Value Retail and gave the stock an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada assumed coverage on B&M European Value Retail in a research report on Monday. They set an “outperform” rating and a 500.00 target price on the stock. Panmure Gordon started coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 price objective on the stock. Finally, BNP Paribas assumed coverage on shares of B&M European Value Retail in a research note on Monday. They issued an “outperform” rating and a 660.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, B&M European Value Retail has a consensus rating of “Moderate Buy” and a consensus target price of GBX 561.22 ($7.07).

B&M European Value Retail Stock Up 2.2 %

BME traded up GBX 7.30 ($0.09) during mid-day trading on Friday, reaching GBX 346.30 ($4.36). 5,004,899 shares of the stock were exchanged, compared to its average volume of 4,232,208. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The stock has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The company has a 50 day moving average price of GBX 400.18 and a two-hundred day moving average price of GBX 450.55. B&M European Value Retail has a 1 year low of GBX 324.80 ($4.09) and a 1 year high of GBX 618.20 ($7.78).

Insiders Place Their Bets

In other news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). 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.