Canaccord Genuity Group Lowers B&M European Value Retail (LON:BME) Price Target to GBX 490

B&M European Value Retail (LON:BME) had its target price reduced by Canaccord Genuity Group from GBX 545 ($6.88) to GBX 490 ($6.18) in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 72.96% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a 620.00 price target on B&M European Value Retail and gave the stock a “buy” rating in a report on Wednesday, October 30th. Investec set a 495.00 target price on B&M European Value Retail and gave the company a “hold” rating in a report on Wednesday, October 30th. BNP Paribas initiated coverage on B&M European Value Retail in a research report on Monday, November 18th. They issued an “outperform” rating and a 660.00 price target for the company. Canaccord Genuity Group lowered their price objective on shares of B&M European Value Retail from GBX 600 ($7.57) to GBX 565 ($7.13) and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Citigroup cut their target price on shares of B&M European Value Retail from GBX 540 ($6.81) to GBX 510 ($6.44) and set a “buy” rating for the company in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 546.83 ($6.90).

B&M European Value Retail Price Performance

B&M European Value Retail stock traded down GBX 1.50 ($0.02) during midday trading on Tuesday, reaching GBX 283.30 ($3.58). The company’s stock had a trading volume of 11,167,611 shares, compared to its average volume of 17,729,221. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. B&M European Value Retail has a fifty-two week low of GBX 254.60 ($3.21) and a fifty-two week high of GBX 561.80 ($7.09). The firm has a market capitalization of £2.85 billion, a PE ratio of 6.78 and a beta of 1.05. The stock’s 50 day simple moving average is GBX 329.72 and its 200 day simple moving average is GBX 378.83.

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 ($4.56) per share, with a total value of £45,125 ($56,947.25). Corporate insiders own 4.22% 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.