B&M European Value Retail (LON:BME) Reaches New 1-Year 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 stock traded as low as GBX 217.70 ($2.89) and last traded at GBX 219 ($2.91), with a volume of 3102767 shares traded. The stock had previously closed at GBX 219.30 ($2.91).

Analyst Ratings Changes

Several analysts have issued reports on the stock. Shore Capital reaffirmed a "no recommendation" rating on shares of B&M European Value Retail in a research report on Tuesday, July 15th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 490 ($6.51) price target on shares of B&M European Value Retail in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 410 ($5.44) price target on shares of B&M European Value Retail in a research report on Tuesday, July 15th. JPMorgan Chase & Co. dropped their price objective on shares of B&M European Value Retail from GBX 281 ($3.73) to GBX 207 ($2.75) and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, Citigroup dropped their price objective on shares of B&M European Value Retail from GBX 456 ($6.05) to GBX 361 ($4.79) and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, B&M European Value Retail presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 494 ($6.56).

B&M European Value Retail Trading Down 0.1%

The firm has a market capitalization of £2.21 billion, a P/E ratio of 5.24 and a beta of 1.05. 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 business's 50-day moving average is GBX 269.18 and its 200 day moving average is GBX 291.38.

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 ($0.42) earnings per share (EPS) for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. As a group, analysts anticipate that B&M European Value Retail S.A. will post 38.4814815 EPS for the current fiscal year.

Insider Transactions at B&M European Value Retail

In related news, insider Hounaïda Lasry purchased 7,600 shares of B&M European Value Retail stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of GBX 262 ($3.48) per share, for a total transaction of £19,912 ($26,440.05). Also, insider Tjeerd Jegen purchased 37,500 shares of B&M European Value Retail stock in a transaction dated Friday, June 13th. The stock was bought at an average price of GBX 270 ($3.59) per share, for a total transaction of £101,250 ($134,444.30). Insiders have acquired 160,500 shares of company stock worth $42,621,400 over the last quarter. Corporate insiders own 4.22% of the company's stock.

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.

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