JPMorgan Chase & Co. lowered shares of B&M European Value Retail (LON:BME) to a neutral rating in a research report released on Tuesday morning, Digital Look reports. The brokerage currently has GBX 360 ($4.74) target price on the stock, down from their prior target price of GBX 400 ($5.26).
Other research analysts have also issued reports about the company. Morgan Stanley reaffirmed an equal weight rating on shares of B&M European Value Retail in a report on Monday, November 11th. Citigroup downgraded B&M European Value Retail to a neutral rating and cut their target price for the company from GBX 410 ($5.39) to GBX 405 ($5.33) in a research report on Tuesday, November 19th. Barclays reiterated an overweight rating on shares of B&M European Value Retail in a research report on Tuesday, November 26th. Shore Capital reiterated a buy rating on shares of B&M European Value Retail in a research report on Friday, January 10th. Finally, UBS Group reiterated a buy rating on shares of B&M European Value Retail in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. B&M European Value Retail has an average rating of Buy and a consensus price target of GBX 427.23 ($5.62).
Shares of LON BME opened at GBX 380.50 ($5.01) on Tuesday. The company has a debt-to-equity ratio of 208.08, a current ratio of 1.23 and a quick ratio of 0.16. The stock’s fifty day moving average price is GBX 383.09 and its two-hundred day moving average price is GBX 376.10. B&M European Value Retail has a one year low of GBX 313.10 ($4.12) and a one year high of GBX 439.90 ($5.79). The firm has a market cap of $3.81 billion and a price-to-earnings ratio of 29.05.
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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