B&M European Value Retail (LON:BME) Reaches New 1-Year Low - Time to Sell?

Key Points

• B&M European Value Retail's shares reached a new 52-week low at GBX 218.30 ($2.92), with a trading volume of over 10 million shares.
• Analysts currently have mixed views on the stock, with a consensus rating of "Moderate Buy" and target prices ranging from GBX 207 ($2.77) to GBX 490 ($6.55).
• Insider transactions show confidence in the company as executives acquired a total of 160,500 shares worth approximately $42.6 million in the last ninety days.

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 218.30 ($2.88) and last traded at GBX 226.37 ($2.99), with a volume of 10294032 shares changing hands. The stock had previously closed at GBX 227 ($3.00).

Analysts Set New Price Targets

A number of research firms have weighed in on BME. Citigroup decreased their price objective on shares of B&M European Value Retail from GBX 456 ($6.02) to GBX 361 ($4.77) and set a "buy" rating for the company in a research report on Wednesday, July 16th. JPMorgan Chase & Co. decreased their price objective on shares of B&M European Value Retail from GBX 281 ($3.71) to GBX 207 ($2.73) and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Shore Capital restated a "no recommendation" rating on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 410 ($5.42) target price on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a GBX 490 ($6.47) target price on shares of B&M European Value Retail in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 494 ($6.53).

B&M European Value Retail Stock Down 2.3%

The firm's 50 day simple moving average is GBX 271.48 and its 200 day simple moving average is GBX 292.38. The company has a market cap of £2.21 billion, a price-to-earnings ratio of 5.25 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77.

B&M European Value Retail (LON:BME - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.42) EPS for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. Sell-side analysts anticipate 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 news, insider Tjeerd Jegen acquired 45,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of GBX 262 ($3.46) per share, with a total value of £117,900 ($155,746.37). Also, insider Hounaïda Lasry acquired 7,600 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of GBX 262 ($3.46) per share, with a total value of £19,912 ($26,303.83). Insiders bought 160,500 shares of company stock valued at $42,621,400 over the last quarter. 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.