B&M European Value Retail (LON:BME) Stock Passes Above 50-Day Moving Average - What's Next?

B&M European Value Retail S.A. (LON:BME - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 284.19 ($3.77) and traded as high as GBX 333.20 ($4.42). B&M European Value Retail shares last traded at GBX 330.90 ($4.39), with a volume of 2,771,813 shares changing hands.

Analyst Upgrades and Downgrades

BME has been the subject of a number of analyst reports. Shore Capital reiterated a "not rated" rating on shares of B&M European Value Retail in a research note on Tuesday, April 15th. Canaccord Genuity Group decreased their price objective on B&M European Value Retail from GBX 545 ($7.23) to GBX 490 ($6.50) and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Citigroup restated a "buy" rating and set a GBX 456 ($6.05) price target on shares of B&M European Value Retail in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of B&M European Value Retail from GBX 349 ($4.63) to GBX 320 ($4.25) and set an "underweight" rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 538.76 ($7.15).

B&M European Value Retail Price Performance

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's 50-day moving average price is GBX 288.35 and its two-hundred day moving average price is GBX 329.24. The stock has a market cap of £3.44 billion, a PE ratio of 8.18 and a beta of 1.05.

Insiders Place Their Bets

In other news, insider Oliver Tant purchased 7,500 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of GBX 285 ($3.78) per share, with a total value of £21,375 ($28,371.38). 4.22% of the stock is owned by company insiders.

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.