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

B&M European Value Retail (LON:BME) had its target price decreased by stock analysts at Canaccord Genuity Group from GBX 600 ($7.52) to GBX 565 ($7.08) in a report issued on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 63.15% from the company’s current price.

B&M European Value Retail Trading Up 2.2 %

LON BME opened at GBX 346.30 ($4.34) on Friday. The stock has a market capitalization of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. 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). The firm has a 50-day moving average price of GBX 398.66 and a 200 day moving average price 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.

Insider Buying and Selling

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the company’s stock in a transaction dated 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 corporate 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.