B&M European Value Retail (LON:BME) Hits New 12-Month Low - Here's What Happened

Key Points

• 52-week low: B&M hit a new 52-week low, trading as low as GBX 140 and last at GBX 177.50 on volume ~1.32 million shares (previous close GBX 179.96).
• Analysts are mixed but lean positive: five Buys, two Holds and one Sell yield an average rating of Moderate Buy with an average price target of GBX 207.50.
• The stock trades cheaply on a PE of 7.23 with a market cap of £1.79bn but carries very high leverage (debt-to-equity 348.52) and a bearish technical setup (50-day SMA GBX 176.07 below 200-day SMA GBX 192.96).

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 140 and last traded at GBX 177.50, with a volume of 1319182 shares. The stock had previously closed at GBX 179.96.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BME shares. JPMorgan Chase & Co. raised their price target on shares of B&M European Value Retail from GBX 163 to GBX 170 and gave the stock an "underweight" rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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. Citigroup boosted their target price on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the company a "neutral" rating in a report on Thursday, February 5th. Shore Capital Group reissued a "buy" rating on shares of B&M European Value Retail in a research report on Friday, January 23rd. Finally, Jefferies Financial Group decreased their target price on B&M European Value Retail from GBX 260 to GBX 175 and set a "hold" rating for the company in a research note on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 207.50.

B&M European Value Retail Stock Performance

The company's 50 day simple moving average is GBX 176.07 and its 200 day simple moving average is GBX 192.96. The stock has a market cap of £1.79 billion, a PE ratio of 7.23 and a beta of 1.17. The company has a debt-to-equity ratio of 348.52, a quick ratio of 0.38 and a current ratio of 1.26.

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.

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