B&M European Value Retail (LON:BME) Stock Passes Below 50-Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 178.33 and traded as low as GBX 170.50. B&M European Value Retail shares last traded at GBX 174, with a volume of 6,164,907 shares traded.

Wall Street Analyst Weigh In

BME has been the topic of several research reports. Shore Capital Group restated a “buy” rating on shares of B&M European Value Retail in a research note on Friday, January 23rd. Canaccord Genuity Group decreased their price objective on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their target price on B&M European Value Retail from GBX 163 to GBX 170 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating for the company in a research report on Friday, January 23rd. Finally, Citigroup upped their price objective on B&M European Value Retail from GBX 165 to GBX 180 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 207.50.

B&M European Value Retail Price Performance

The company has a debt-to-equity ratio of 348.52, a quick ratio of 0.38 and a current ratio of 1.26. The firm has a market cap of £1.72 billion, a price-to-earnings ratio of 6.93 and a beta of 1.14. The company’s fifty day moving average is GBX 178.30 and its two-hundred day moving average is GBX 179.42.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Oliver Tant sold 10,850 shares of B&M European Value Retail stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of GBX 186, for a total transaction of £20,181. Insiders own 22.79% of the company’s stock.

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.