JPMorgan Chase & Co. Lowers B&M European Value Retail (LON:BME) Price Target to GBX 320

B&M European Value Retail (LON:BME) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from GBX 349 ($4.26) to GBX 320 ($3.91) in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 1.98% from the stock’s current price.

A number of other research firms have also recently commented on BME. BNP Paribas began coverage on B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 660.00 price target for the company. HSBC set a 640.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research report on Monday, November 18th. Royal Bank of Canada started coverage on shares of B&M European Value Retail in a research report on Monday, November 18th. They set an “outperform” rating and a 500.00 target price on the stock. Investec set a 495.00 price target on shares of B&M European Value Retail and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Redburn Atlantic set a 500.00 price objective on shares of B&M European Value Retail and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 552.94 ($6.75).

B&M European Value Retail Trading Down 2.2 %

Shares of LON:BME opened at GBX 313.80 ($3.83) on Monday. The company has a market capitalization of £3.14 billion, a PE ratio of 871.67 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. B&M European Value Retail has a 12-month low of GBX 3.16 ($0.04) and a 12-month high of GBX 572.89 ($6.99). The business’s fifty day simple moving average is GBX 358.98 and its 200-day simple moving average is GBX 407.87.

Insider Activity

In other B&M European Value Retail news, insider Mike Schmidt sold 17,878 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.31), for a total value of £63,109.34 ($77,047.17). Also, insider Oliver Tant acquired 12,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of GBX 361 ($4.41) per share, for a total transaction of £45,125 ($55,090.95). 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.