B&M European Value Retail (LON:BME) Hits New 52-Week High – Time to Buy?

B&M European Value Retail S.A. (LON:BME)’s share price hit a new 52-week high on Thursday. The stock traded as high as GBX 277.40 and last traded at GBX 276.80, with a volume of 4,156,464 shares changing hands. The stock had previously closed at GBX 274.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BME shares. Shore Capital Group reissued a “hold” rating and set a GBX 215 price target on shares of B&M European Value Retail in a report on Wednesday, July 15th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 180 price objective on shares of B&M European Value Retail in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, B&M European Value Retail presently has a consensus rating of “Hold” and an average price target of GBX 206.25.

B&M European Value Retail Stock Up 2.4%

The firm has a market cap of £2.88 billion, a PE ratio of 17.56 and a beta of 1.10. The company has a debt-to-equity ratio of 306.52, a current ratio of 1.42 and a quick ratio of 0.38. The business has a fifty day moving average price of GBX 243.76 and a two-hundred day moving average price of GBX 208.31.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Peter Waterhouse sold 3,715 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of GBX 234, for a total value of £8,693.10. Also, insider Tjeerd Jegen bought 18,567 shares of the firm’s stock in a transaction on Monday, September 7th. The stock was acquired at an average cost of GBX 233 per share, with a total value of £43,261.11. Company insiders own 22.80% 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.