Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 250 to GBX 235 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 41.61% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group decreased their price target on shares of B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating for the company in a research report on Monday, October 13th. Peel Hunt restated an “add” rating and set a GBX 200 price objective on shares of B&M European Value Retail in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th. Shore Capital reiterated a “buy” rating on shares of B&M European Value Retail in a research report on Thursday. Finally, Berenberg Bank dropped their price target on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 291.11.

B&M European Value Retail Stock Performance

Shares of LON:BME traded up GBX 1.95 on Wednesday, reaching GBX 165.95. The company’s stock had a trading volume of 13,432,230 shares, compared to its average volume of 13,048,886. B&M European Value Retail has a 52-week low of GBX 155.60 and a 52-week high of GBX 401. The stock’s 50-day moving average is GBX 219.65 and its two-hundred day moving average is GBX 255.23. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The stock has a market capitalization of £1.67 billion, a P/E ratio of 5.22 and a beta of 1.05.

B&M European Value Retail (LON:BME) last released its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. As a group, sell-side analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Tjeerd Jegen bought 79,500 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of GBX 250 per share, with a total value of £198,750. Over the last 90 days, insiders have purchased 257,380 shares of company stock worth $62,468,940. 22.78% of the stock is owned by company insiders.

About B&M European Value Retail

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.