B&M European Value Retail (LON:BME) Sets New 52-Week Low - Here's What Happened

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 220.80 ($2.96) and last traded at GBX 224.46 ($3.01), with a volume of 77727352 shares changing hands. The stock had previously closed at GBX 257.70 ($3.46).

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BME shares. 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 report on Monday, June 9th. Citigroup cut their target price on B&M European Value Retail from GBX 456 ($6.12) to GBX 361 ($4.85) and set a "buy" rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 410 ($5.51) target price on shares of B&M European Value Retail in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on B&M European Value Retail from GBX 281 ($3.77) to GBX 207 ($2.78) and set an "underweight" rating on the stock in a research report on Wednesday. Finally, Shore Capital reaffirmed a "no recommendation" rating on shares of B&M European Value Retail in a research report on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 505.07 ($6.78).

B&M European Value Retail Stock Performance

The company has a 50-day simple moving average of GBX 292.52 and a two-hundred day simple moving average of GBX 300.37. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The firm has a market cap of £2.38 billion, a PE ratio of 5.66 and a beta of 1.05.

B&M European Value Retail (LON:BME - Get Free Report) last issued 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%. As a group, equities research analysts forecast that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Tjeerd Jegen purchased 45,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were purchased at an average price of GBX 262 ($3.52) per share, with a total value of £117,900 ($158,318.79). Also, insider Hounaïda Lasry purchased 7,600 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of GBX 262 ($3.52) per share, for a total transaction of £19,912 ($26,738.28). Insiders have bought a total of 160,500 shares of company stock worth $42,621,400 in the last ninety days. Insiders own 4.22% 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.