B&M European Value Retail (LON:BME) Shares Pass Below Fifty Day Moving Average – Time to Sell?

B&M European Value Retail S.A. (LON:BME) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 172.41 and traded as low as GBX 159.35. B&M European Value Retail shares last traded at GBX 160.56, with a volume of 146,657,594 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BME. JPMorgan Chase & Co. lowered their price objective on B&M European Value Retail from GBX 205 to GBX 163 and set an “underweight” rating on the stock in a research note on Friday, December 5th. Berenberg Bank decreased their price target on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Canaccord Genuity Group dropped their price objective on B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Citigroup cut their price objective on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average price target of GBX 221.63.

B&M European Value Retail Stock Performance

The stock has a 50-day moving average of GBX 172.41 and a 200 day moving average of GBX 221.16. The firm has a market capitalization of £1.63 billion, a P/E ratio of 6.55 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06.

B&M European Value Retail (LON:BME) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 7.20 EPS for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. On average, research analysts anticipate that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

Insider Transactions at B&M European Value Retail

In related news, insider Tjeerd Jegen acquired 31,850 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of GBX 155 per share, with a total value of £49,367.50. In the last 90 days, insiders have bought 123,950 shares of company stock worth $19,757,500. 22.79% of the stock is owned by corporate insiders.

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.