B&M European Value Retail (LON:BME) Sets New 1-Year Low - Should You Sell?

Key Points

• B&M European Value Retail's stock hit a new 52-week low of GBX 200.20 and has recently traded down by 7.1%.
• Analysts have varied opinions on the stock, with differing price targets; JPMorgan cut its target to GBX 207, while Deutsche Bank maintained a price target of GBX 410.
• Insider transactions showed significant purchasing activity, with insiders acquiring 257,380 shares worth approximately $62.5 million in the last ninety days.

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 200.20 ($2.70) and last traded at GBX 225.60 ($3.04), with a volume of 433843000 shares trading hands. The stock had previously closed at GBX 256.20 ($3.45).

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on B&M European Value Retail from GBX 281 to GBX 207 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Shore Capital started coverage on B&M European Value Retail in a research note on Tuesday, September 2nd. They issued a "hold" rating and a GBX 250 price objective on the stock. Citigroup cut their price objective on B&M European Value Retail from GBX 456 to GBX 361 and set a "buy" rating for the company in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 410 target price on shares of B&M European Value Retail in a report on Tuesday, July 15th. Finally, Canaccord Genuity Group restated a "buy" rating and set a GBX 490 price objective on shares of B&M European Value Retail in a research report on Monday, June 9th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 380.50.

B&M European Value Retail Trading Down 7.1%

The company has a market cap of £2.39 billion, a PE ratio of 748.11 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The company has a 50 day simple moving average of GBX 239.80 and a two-hundred day simple moving average of GBX 273.87.

Insider Transactions at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen acquired 50,400 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, September 17th. The stock was acquired at an average price of GBX 250 per share, with a total value of £126,000. Insiders have purchased 257,380 shares of company stock valued at $62,468,940 in the last ninety days. 22.78% of the stock is owned by 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.

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