B&M European Value Retail (LON:BME) Stock Price Passes Below 200-Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 201.24 and traded as low as GBX 174.80. B&M European Value Retail shares last traded at GBX 176.35, with a volume of 5,429,617 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BME. Deutsche Bank Aktiengesellschaft decreased their price target on shares of B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Shore Capital reiterated a “buy” rating on shares of B&M European Value Retail in a research note on Friday, January 23rd. Citigroup reduced their price target on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Canaccord Genuity Group lowered 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 report on Friday, January 23rd. Finally, Peel Hunt reissued an “add” rating and issued a GBX 200 target price on shares of B&M European Value Retail in a research report on Thursday, November 13th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 213.13.

B&M European Value Retail Stock Performance

The stock has a market cap of £1.77 billion, a P/E ratio of 7.14 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The stock has a 50 day simple moving average of GBX 166.24 and a 200 day simple moving average of GBX 201.24.

B&M European Value Retail (LON:BME) last released its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share (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, equities analysts expect that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Tjeerd Jegen bought 29,000 shares of B&M European Value Retail stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of GBX 164 per share, with a total value of £47,560. Insiders acquired 123,950 shares of company stock worth $19,757,500 in the last three months. 22.79% of the stock is owned by corporate insiders.

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.