Credit Suisse Group Cuts B&M European Value Retail (LON:BME) Price Target to GBX 330

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B&M European Value Retail (LON:BME) had its price objective lowered by stock analysts at Credit Suisse Group from GBX 382.53 ($5.03) to GBX 330 ($4.34) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 14.94% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Liberum Capital reaffirmed a “buy” rating on shares of B&M European Value Retail in a report on Monday, March 9th. Peel Hunt reaffirmed a “buy” rating on shares of B&M European Value Retail in a report on Wednesday. JPMorgan Chase & Co. lowered shares of B&M European Value Retail to a “neutral” rating and cut their price target for the stock from GBX 400 ($5.26) to GBX 360 ($4.74) in a report on Tuesday, February 11th. Barclays cut their price target on shares of B&M European Value Retail from GBX 435 ($5.72) to GBX 420 ($5.52) and set an “overweight” rating on the stock in a report on Monday, March 16th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of B&M European Value Retail in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 415.29 ($5.46).

LON BME opened at GBX 287.10 ($3.78) on Friday. The firm’s fifty day simple moving average is GBX 331.87 and its two-hundred day simple moving average is GBX 369.16. The company has a current ratio of 1.23, a quick ratio of 0.16 and a debt-to-equity ratio of 208.08. B&M European Value Retail has a 12-month low of GBX 245.60 ($3.23) and a 12-month high of GBX 439.90 ($5.79). The firm has a market capitalization of $2.87 billion and a P/E ratio of 21.92.

About B&M European Value Retail

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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Analyst Recommendations for B&M European Value Retail (LON:BME)

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