B&M European Value Retail (LON:BME) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

B&M European Value Retail S.A. (LON:BME - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 281.68 ($3.75) and traded as high as GBX 300.50 ($4.00). B&M European Value Retail shares last traded at GBX 299.43 ($3.98), with a volume of 5,321,155 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup reissued a "buy" rating and issued a GBX 456 ($6.06) target price on shares of B&M European Value Retail in a research report on Friday, March 28th. JPMorgan Chase & Co. reduced their price target on B&M European Value Retail from GBX 349 ($4.64) to GBX 320 ($4.25) and set an "underweight" rating for the company in a research report on Monday, January 13th. Canaccord Genuity Group cut their price objective on B&M European Value Retail from GBX 545 ($7.25) to GBX 490 ($6.52) and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Finally, Shore Capital reaffirmed a "not rated" rating on shares of B&M European Value Retail in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 538.76 ($7.16).

B&M European Value Retail Stock Up 2.8 %

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 market cap of £3.25 billion, a P/E ratio of 7.72 and a beta of 1.05. The firm's 50-day simple moving average is GBX 281.69 and its 200 day simple moving average is GBX 335.16.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Oliver Tant acquired 7,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of GBX 285 ($3.79) per share, for a total transaction of £21,375 ($28,420.42). 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.