B&M European Value Retail (LON:BME) Receives Buy Rating from Citigroup

B&M European Value Retail (LON:BME)‘s stock had its “buy” rating restated by stock analysts at Citigroup in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 456 ($5.90) price target on the stock. Citigroup’s target price points to a potential upside of 70.34% from the company’s previous close.

Several other research firms have also issued reports on BME. Canaccord Genuity Group cut their price target on shares of B&M European Value Retail from GBX 545 ($7.05) to GBX 490 ($6.34) and set a “buy” rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on B&M European Value Retail from GBX 349 ($4.52) to GBX 320 ($4.14) and set an “underweight” rating for the company in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 538.76 ($6.97).

B&M European Value Retail Stock Up 2.5 %

Shares of B&M European Value Retail stock opened at GBX 267.70 ($3.46) on Friday. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The company has a market cap of £2.70 billion, a P/E ratio of 6.40 and a beta of 1.05. The firm’s 50 day moving average price is GBX 291.91 and its 200-day moving average price is GBX 349.45. B&M European Value Retail has a 52-week low of GBX 254.60 ($3.30) and a 52-week high of GBX 556.60 ($7.20).

Insider Activity at B&M European Value Retail

In related news, insider Oliver Tant purchased 7,500 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of GBX 285 ($3.69) per share, for a total transaction of £21,375 ($27,666.32). 4.22% of the stock is currently owned by insiders.

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.