B&M European Value Retail (LON:BME) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

B&M European Value Retail S.A. (LON:BME)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 189.67 and traded as low as GBX 164.50. B&M European Value Retail shares last traded at GBX 168, with a volume of 371,951,375 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BME shares. Canaccord Genuity Group reduced 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. Deutsche Bank Aktiengesellschaft dropped their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a research note on Friday, January 23rd. Berenberg Bank reduced their target price on shares of B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a report on Thursday, December 4th. Finally, Jefferies Financial Group decreased their price target on shares of B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average price target of GBX 207.50.

B&M European Value Retail Stock Up 0.9%

The company has a debt-to-equity ratio of 348.52, a current ratio of 1.26 and a quick ratio of 0.38. The stock has a market cap of £1.69 billion, a price-to-earnings ratio of 6.80 and a beta of 1.17. The firm’s 50-day moving average is GBX 178.14 and its 200 day moving average is GBX 189.67.

Insider Activity

In other news, insider Oliver Tant sold 10,850 shares of the business’s 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. 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.