B&M European Value Retail (LON:BME) Reaches New 52-Week Low - What's Next?

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 stock traded as low as GBX 2.59 ($0.03) and last traded at GBX 262.05 ($3.52), with a volume of 22016742 shares. The stock had previously closed at GBX 260.70 ($3.50).

Wall Street Analysts Forecast Growth

BME has been the subject of several analyst reports. Citigroup reiterated a "buy" rating and issued a GBX 456 ($6.12) target price on shares of B&M European Value Retail in a research note on Friday, March 28th. Shore Capital reissued a "not rated" rating on shares of B&M European Value Retail in a report on Tuesday, April 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 490 ($6.58) target price on shares of B&M European Value Retail in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, B&M European Value Retail presently has an average rating of "Moderate Buy" and an average target price of GBX 538.76 ($7.23).

B&M European Value Retail Stock Performance

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 market capitalization of £2.75 billion, a price-to-earnings ratio of 6.53 and a beta of 1.05. The firm's fifty day moving average price is GBX 317.46 and its 200 day moving average price is GBX 314.07.

B&M European Value Retail (LON:BME - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) EPS for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. Analysts forecast that B&M European Value Retail S.A. will post 38.4814815 EPS for the current fiscal year.

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 45,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was bought at an average price of GBX 262 ($3.52) per share, with a total value of £117,900 ($158,212.56). Also, insider Hounaïda Lasry purchased 7,600 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of GBX 262 ($3.52) per share, with a total value of £19,912 ($26,720.34). Insiders bought 160,500 shares of company stock worth $42,621,400 in the last three months. 4.22% of the stock is owned by company insiders.

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.