B&M European Value Retail (LON:BME) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• B&M European Value Retail's share price crossed above its 50-day moving average, trading as high as GBX 250.70 ($3.39) before last settling at GBX 242.70 ($3.28).
• Analysts have set varying price targets for the stock, with Deutsche Bank rating it as a "buy" with a target of GBX 410, while Citigroup reduced its target from GBX 456 to GBX 361.
• Insider buying has been significant, with Tjeerd Jegen purchasing 45,000 shares, and insiders owning 22.78% of the company stock as of the last three months.

B&M European Value Retail S.A. (LON:BME - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 238.60 ($3.23) and traded as high as GBX 250.70 ($3.39). B&M European Value Retail shares last traded at GBX 242.70 ($3.28), with a volume of 2,464,816 shares traded.

Analysts Set New Price Targets

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

B&M European Value Retail Price Performance

The stock has a market cap of £2.44 billion, a PE ratio of 763.84 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The firm's 50 day moving average price is GBX 238.60 and its two-hundred day moving average price is GBX 276.23.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen bought 45,000 shares of B&M European Value Retail stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of GBX 262 per share, for a total transaction of £117,900. Insiders have bought a total of 218,880 shares of company stock valued at $55,741,140 in the last three months. 22.78% of the stock is owned by company 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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