Jefferies Financial Group Downgrades B&M European Value Retail (LON:BME) to Hold

B&M European Value Retail (LON:BME) was downgraded by Jefferies Financial Group to a “hold” rating in a research report issued on Monday, Marketbeat reports. They currently have a GBX 525 ($6.48) price objective on the stock, up from their previous price objective of GBX 380 ($4.69). Jefferies Financial Group’s price target points to a potential upside of 0.15% from the company’s previous close.

Several other brokerages have also issued reports on BME. Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 660 ($8.15) price target on shares of B&M European Value Retail in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, B&M European Value Retail currently has a consensus rating of “Hold” and an average price target of GBX 583.29 ($7.20).

B&M European Value Retail Trading Down 0.1 %

Shares of LON BME opened at GBX 524.20 ($6.47) on Monday. The business’s 50 day moving average is GBX 527.83 and its two-hundred day moving average is GBX 542.38. The company has a debt-to-equity ratio of 280.00, a current ratio of 1.37 and a quick ratio of 0.38. B&M European Value Retail has a 1-year low of GBX 454 ($5.61) and a 1-year high of GBX 618.20 ($7.64). The stock has a market capitalization of £5.24 billion, a P/E ratio of 1,497.71 and a beta of 1.00.

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.