B&M European Value Retail (LON:BME) PT Raised to GBX 585

B&M European Value Retail (LON:BME) had its price target boosted by equities researchers at JPMorgan Chase & Co. from GBX 566 ($7.11) to GBX 585 ($7.35) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.42% from the company’s previous close.

BME has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 660 ($8.29) target price on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Jefferies Financial Group downgraded shares of B&M European Value Retail to a “hold” rating and upped their target price for the company from GBX 380 ($4.77) to GBX 525 ($6.59) in a research report on Monday, April 22nd. Finally, Shore Capital reissued a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 588.29 ($7.39).

B&M European Value Retail Stock Performance

BME stock opened at GBX 544.60 ($6.84) on Wednesday. The stock has a market capitalization of £5.45 billion, a PE ratio of 1,556.00 and a beta of 1.01. The company has a debt-to-equity ratio of 280.00, a current ratio of 1.37 and a quick ratio of 0.38. The company has a 50 day moving average price of GBX 529.80 and a 200 day moving average price of GBX 538.83. B&M European Value Retail has a fifty-two week low of GBX 454 ($5.70) and a fifty-two week high of GBX 618.20 ($7.76).

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.