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

B&M European Value Retail S.A. (LON:BME) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

BME has been the subject of a number of analyst reports. 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. Peel Hunt reaffirmed an “add” rating and set a GBX 200 price target on shares of B&M European Value Retail in a report on Thursday, November 13th. Shore Capital reissued a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Jefferies Financial Group reduced their price target on B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating for the company in a research report on Thursday, November 20th. Six equities research 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. According to MarketBeat.com, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 213.13.

B&M European Value Retail Trading Down 0.9%

The stock has a market capitalization of £1.77 billion, a P/E ratio of 7.14 and a beta of 1.05. The business has a 50 day simple moving average of GBX 166.24 and a 200-day simple moving average of GBX 201.01. 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 announced its quarterly earnings data on Thursday, November 13th. The company reported GBX 7.20 earnings per share 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, analysts predict that B&M European Value Retail S.A. will post 38.4814815 EPS for the current year.

Insider Transactions at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 31,850 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of GBX 155 per share, with a total value of £49,367.50. Insiders have purchased a total of 123,950 shares of company stock valued at $19,757,500 in the last quarter. Insiders own 22.79% of the company’s stock.

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.