B&M European Value Retail (LON:BME) Reaches New 52-Week Low - Here's Why

Key Points

• B&M European Value Retail shares reached a new 52-week low of GBX 217.70 ($2.89) amidst trading on Monday.
• Analyst ratings for the company show a consensus of "Moderate Buy" with a price target averaging GBX 494 ($6.56), though some analysts have downgraded their targets.
• Insiders have been buying shares, with acquisitions totaling £19,912 ($26,440.05) and £101,250 ($134,444.30) in June, indicating potential confidence in the stock.

B&M European Value Retail S.A. (LON:BME - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 217.70 ($2.93) and last traded at GBX 219 ($2.95), with a volume of 3102767 shares. The stock had previously closed at GBX 219.30 ($2.95).

Wall Street Analyst Weigh In

Several brokerages have recently commented on BME. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 410 ($5.51) price objective on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Shore Capital restated a "no recommendation" rating on shares of B&M European Value Retail in a research note on Tuesday, July 15th. JPMorgan Chase & Co. reduced their target price on shares of B&M European Value Retail from GBX 281 ($3.78) to GBX 207 ($2.78) and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Citigroup dropped their price target on shares of B&M European Value Retail from GBX 456 ($6.13) to GBX 361 ($4.85) and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Finally, Canaccord Genuity Group restated a "buy" rating and set a GBX 490 ($6.59) price target on shares of B&M European Value Retail in a report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, B&M European Value Retail currently has a consensus rating of "Moderate Buy" and an average price target of GBX 494 ($6.64).

B&M European Value Retail Trading Up 1.2%

The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The firm has a fifty day simple moving average of GBX 259.78 and a two-hundred day simple moving average of GBX 289.08. The firm has a market capitalization of £2.27 billion, a P/E ratio of 5.38 and a beta of 1.05.

B&M European Value Retail (LON:BME - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) 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, equities research analysts anticipate that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current fiscal year.

Insider Buying and Selling

In other B&M European Value Retail news, insider Hounaïda Lasry bought 7,600 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of GBX 262 ($3.52) per share, with a total value of £19,912 ($26,777.84). Also, insider Tjeerd Jegen purchased 37,500 shares of the business's stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of GBX 270 ($3.63) per share, with a total value of £101,250 ($136,161.92). Insiders have purchased a total of 160,500 shares of company stock worth $42,621,400 over the last 90 days. 4.22% of the stock is currently owned by corporate insiders.

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.