B&M European Value Retail’s (BME) “Buy” Rating Reaffirmed at Citigroup

B&M European Value Retail (LON:BME)‘s stock had its “buy” rating reissued by stock analysts at Citigroup in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 456 ($5.90) price objective on the stock. Citigroup’s price objective points to a potential upside of 72.73% from the stock’s current price.

A number of other research analysts have also recently issued reports on BME. Canaccord Genuity Group reduced their price objective on B&M European Value Retail from GBX 545 ($7.06) to GBX 490 ($6.34) and set a “buy” rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on B&M European Value Retail from GBX 349 ($4.52) to GBX 320 ($4.14) and set an “underweight” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 538.76 ($6.98).

B&M European Value Retail Trading Up 1.1 %

Shares of BME opened at GBX 264 ($3.42) on Friday. B&M European Value Retail has a fifty-two week low of GBX 254.60 ($3.30) and a fifty-two week high of GBX 556.60 ($7.21). The firm has a market cap of £2.66 billion, a price-to-earnings ratio of 6.31 and a beta of 1.05. The firm has a 50 day moving average price of GBX 292.82 and a 200-day moving average price of GBX 351.29. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06.

Insiders Place Their Bets

In related news, insider Oliver Tant purchased 7,500 shares of B&M European Value Retail stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of GBX 285 ($3.69) per share, for a total transaction of £21,375 ($27,673.49). Company insiders own 4.22% of the company’s stock.

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.