B&M European Value Retail (LON:BME) Sets New 12-Month Low - What's Next?

Key Points

• B&M European Value Retail shares reached a new 52-week low of GBX 162.05 ($2.17) during trading, significantly down from a previous close of GBX 217.60 ($2.92).
• Recent analyst ratings show mixed sentiments with ten analysts giving a Buy rating, while others lowered target prices, reflecting cautious optimism amid market volatility.
• Insider purchases have been notable, with insiders acquiring 257,380 shares valued at approximately $62.47 million over the last three months, indicating potential confidence in the company's future.

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 162.05 ($2.17) and last traded at GBX 167.70 ($2.25), with a volume of 49564555 shares. The stock had previously closed at GBX 217.60 ($2.92).

Analyst Upgrades and Downgrades

BME has been the subject of a number of recent analyst reports. Shore Capital reiterated an "under review" rating on shares of B&M European Value Retail in a report on Monday. Peel Hunt restated an "add" rating and issued a GBX 250 price objective on shares of B&M European Value Retail in a research report on Monday. Canaccord Genuity Group lowered their price objective on shares of B&M European Value Retail from GBX 490 to GBX 395 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Jefferies Financial Group cut their target price on B&M European Value Retail from GBX 305 to GBX 265 and set a "hold" rating on the stock in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their price target on B&M European Value Retail from GBX 207 to GBX 205 and set an "underweight" rating on the stock in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 347.78.

B&M European Value Retail Stock Up 3.0%

The company's fifty day simple moving average is GBX 239.52 and its 200 day simple moving average is GBX 270.57. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The firm has a market capitalization of £1.74 billion, a P/E ratio of 5.43 and a beta of 1.05.

Insider Buying and Selling

In other news, insider Tjeerd Jegen acquired 50,400 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were acquired at an average cost of GBX 250 per share, with a total value of £126,000. Insiders have bought 257,380 shares of company stock valued at $62,468,940 in the last ninety days. Company insiders own 22.78% 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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