Citigroup Lowers B&M European Value Retail (LON:BME) Price Target to GBX 510

B&M European Value Retail (LON:BME - Get Free Report) had its target price lowered by research analysts at Citigroup from GBX 540 ($6.80) to GBX 510 ($6.42) in a research report issued on Friday,Digital Look reports. The firm currently has a "buy" rating on the stock. Citigroup's price target suggests a potential upside of 47.27% from the stock's previous close.

BME has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the company a "buy" rating in a research note on Wednesday, October 30th. Panmure Gordon started coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They issued a "buy" rating and a 685.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of B&M European Value Retail in a research note on Monday, September 9th. They issued an "underweight" rating and a 469.00 target price for the company. Investec set a 495.00 price target on shares of B&M European Value Retail and gave the company a "hold" rating in a research report on Wednesday, October 30th. Finally, Barclays set a 570.00 price objective on shares of B&M European Value Retail and gave the stock an "overweight" rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 561.22 ($7.07).

B&M European Value Retail Trading Up 2.2 %

B&M European Value Retail stock traded up GBX 7.30 ($0.09) during mid-day trading on Friday, hitting GBX 346.30 ($4.36). 5,004,899 shares of the company's stock were exchanged, compared to its average volume of 4,232,208. The firm 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 fifty-two week low of GBX 324.80 ($4.09) and a fifty-two week high of GBX 618.20 ($7.78). The company's 50 day simple moving average is GBX 400.18 and its 200-day simple moving average is GBX 450.55. 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 news, insider Alex Russo sold 8,602 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). 4.22% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.