B&M European Value Retail (LON:BME) Reaches New 52-Week Low Following Analyst Downgrade

B&M European Value Retail S.A. (LON:BME) shares hit a new 52-week low on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 250 to GBX 235. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. B&M European Value Retail traded as low as GBX 161.70 and last traded at GBX 163.35, with a volume of 2135608 shares changing hands. The stock had previously closed at GBX 164.55.

BME has been the subject of several other research reports. Canaccord Genuity Group decreased their price target on shares of 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. Jefferies Financial Group reduced their price objective on B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a report on Monday, October 13th. Peel Hunt reiterated an “add” rating and issued a GBX 200 target price on shares of B&M European Value Retail in a report on Thursday. Citigroup dropped their price target on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Finally, Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 291.11.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Tjeerd Jegen bought 50,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was bought at an average price of GBX 250 per share, with a total value of £126,000. In the last three months, insiders acquired 257,380 shares of company stock worth $62,468,940. Corporate insiders own 22.78% of the company’s stock.

B&M European Value Retail Trading Down 1.4%

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 218.28 and a 200 day simple moving average of GBX 254.60. The company has a market cap of £1.64 billion, a price-to-earnings ratio of 5.12 and a beta of 1.05.

B&M European Value Retail (LON:BME) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that B&M European Value Retail S.A. will post 38.4814815 EPS for the current fiscal year.

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.