Citigroup Has Lowered Expectations for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its target price lowered by equities research analysts at Citigroup from GBX 540 ($6.77) to GBX 510 ($6.39) in a report issued on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 47.27% from the company’s current price.

Several other research firms have also commented on BME. Morgan Stanley set a 358.00 price objective on shares of B&M European Value Retail and gave the company an “underweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on B&M European Value Retail and gave the stock a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on B&M European Value Retail in a research note on Friday. They issued a “buy” rating and a 475.00 price objective for the company. Barclays set a 570.00 target price on B&M European Value Retail and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Panmure Gordon started coverage on shares of B&M European Value Retail in a research note on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, B&M European Value Retail has an average rating of “Moderate Buy” and a consensus target price of GBX 561.22 ($7.04).

B&M European Value Retail Stock Up 2.2 %

BME opened at GBX 346.30 ($4.34) on Friday. The company has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The firm has a 50-day simple moving average of GBX 398.66 and a two-hundred day simple moving average of GBX 449.36. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.07) and a 52 week high of GBX 618.20 ($7.75).

Insiders Place Their Bets

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.32), for a total transaction of £36,472.48 ($45,722.05). 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.