B&M European Value Retail (LON:BME) had its price objective cut by equities research analysts at Peel Hunt from GBX 500 ($6.58) to GBX 450 ($5.92) in a research report issued to clients and investors on Tuesday, January 7th, Stock Target Advisor reports. The firm presently has a “buy” rating on the stock. Peel Hunt’s price target would indicate a potential upside of 18.33% from the company’s previous close.
A number of other research analysts have also weighed in on BME. Shore Capital reissued a “buy” rating and set a GBX 429 ($5.64) price target on shares of B&M European Value Retail in a research note on Friday, November 8th. UBS Group reissued a “buy” rating on shares of B&M European Value Retail in a research report on Tuesday, November 12th. Citigroup lowered B&M European Value Retail to a “neutral” rating and cut their price objective for the company from GBX 410 ($5.39) to GBX 405 ($5.33) in a research report on Tuesday, November 19th. Goldman Sachs Group cut their price objective on B&M European Value Retail from GBX 440 ($5.79) to GBX 425 ($5.59) and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 420 ($5.52) price objective on shares of B&M European Value Retail in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 426.71 ($5.61).
LON:BME traded up GBX 3.40 ($0.04) during trading hours on Tuesday, reaching GBX 380.30 ($5.00). 1,316,724 shares of the company traded hands, compared to its average volume of 3,550,000. B&M European Value Retail has a 1-year low of GBX 298 ($3.92) and a 1-year high of GBX 439.90 ($5.79). The stock has a market cap of $3.81 billion and a P/E ratio of 29.03. The firm’s 50-day moving average is GBX 397.02 and its 200-day moving average is GBX 371.06. The company has a debt-to-equity ratio of 208.08, a current ratio of 1.23 and a quick ratio of 0.16.
B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.
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