B&M European Value Retail (LON:BME) Releases Quarterly Earnings Results

B&M European Value Retail (LON:BME) announced its quarterly earnings results on Thursday. The company reported GBX 7.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%.

B&M European Value Retail Trading Down 2.5%

Shares of BME stock opened at GBX 161.05 on Friday. The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 5.06 and a beta of 1.05. The company’s fifty day simple moving average is GBX 218.28 and its two-hundred day simple moving average is GBX 254.60. B&M European Value Retail has a 1 year low of GBX 155.15 and a 1 year high of GBX 400.90. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38.

Insider Activity

In other news, insider Tjeerd Jegen acquired 50,400 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, September 17th. The stock was bought at an average price of GBX 250 per share, with a total value of £126,000. In the last 90 days, insiders acquired 257,380 shares of company stock worth $62,468,940. Insiders own 22.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 200 price objective on shares of B&M European Value Retail in a research report on Thursday. Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a research note on Thursday. Jefferies Financial Group decreased their price target on 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. Deutsche Bank Aktiengesellschaft dropped their price target on B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, B&M European Value Retail has a consensus rating of “Moderate Buy” and a consensus price target of GBX 291.11.

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.