JPMorgan Chase & Co. cut shares of B&M European Value Retail (LON:BME) to a neutral rating in a research report released on Tuesday morning, Digital Look reports. They currently have GBX 360 ($4.74) target price on the stock, down from their prior target price of GBX 400 ($5.26).
BME has been the topic of a number of other reports. Citigroup lowered shares of B&M European Value Retail to a neutral rating and dropped their price objective for the company from GBX 410 ($5.39) to GBX 405 ($5.33) in a report on Tuesday, November 19th. UBS Group reissued a buy rating on shares of B&M European Value Retail in a report on Tuesday, November 12th. Royal Bank of Canada boosted their price objective on shares of B&M European Value Retail from GBX 420 ($5.52) to GBX 440 ($5.79) and gave the company an outperform rating in a report on Thursday, December 19th. Jefferies Financial Group reissued a buy rating on shares of B&M European Value Retail in a report on Tuesday, December 10th. Finally, Shore Capital reissued a buy rating on shares of B&M European Value Retail in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 427.23 ($5.62).
Shares of BME opened at GBX 378.10 ($4.97) on Tuesday. The firm has a market capitalization of $3.76 billion and a PE ratio of 28.86. The company has a debt-to-equity ratio of 208.08, a current ratio of 1.23 and a quick ratio of 0.16. B&M European Value Retail has a 1-year low of GBX 313.10 ($4.12) and a 1-year high of GBX 439.90 ($5.79). The company’s fifty day moving average price is GBX 383.83 and its 200-day moving average price is GBX 375.99.
B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.
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