B&M European Value Retail (LON:BME) Stock Passes Above 50-Day Moving Average – Time to Sell?

B&M European Value Retail S.A. (LON:BME) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 176.62 and traded as high as GBX 199.10. B&M European Value Retail shares last traded at GBX 197.80, with a volume of 9,778,899 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 165 price target on shares of B&M European Value Retail in a research report on Thursday, June 4th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 206.25.

B&M European Value Retail Stock Performance

The firm has a fifty day simple moving average of GBX 176.62 and a two-hundred day simple moving average of GBX 173.36. The stock has a market cap of £1.99 billion, a PE ratio of 12.13 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 0.38 and a debt-to-equity ratio of 306.52.

B&M European Value Retail (LON:BME) last released its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 16.30 earnings per share for the quarter. B&M European Value Retail had a return on equity of 21.74% and a net margin of 2.84%.The firm had revenue of GBX 577.50 billion for the quarter. As a group, equities analysts expect that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current fiscal year.

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.