B&M European Value Retail (LON:BME) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• B&M shares fell below its 200‑day moving average, trading as low as GBX 163.90 versus the 200‑day MA of GBX 174.13 on Wednesday with about 7.23 million shares changing hands.
• Analyst consensus is "Moderate Buy" with an average price target of GBX 207.50, reflecting 5 Buy, 2 Hold and 1 Sell ratings and several recent target adjustments.
• Balance sheet and insider activity warrant caution: the company has a debt‑to‑equity ratio of 348.52, a quick ratio of 0.38, market cap £1.66bn and P/E 6.67, and insider Oliver Tant sold 10,850 shares (insiders own 22.79%).

B&M European Value Retail S.A. (LON:BME - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 174.13 and traded as low as GBX 163.90. B&M European Value Retail shares last traded at GBX 164, with a volume of 7,234,475 shares changing hands.

Analysts Set New Price Targets

BME has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of B&M European Value Retail from GBX 180 to GBX 175 and set a "buy" rating for the company in a research note on Friday, January 23rd. Citigroup lifted their price objective on B&M European Value Retail from GBX 165 to GBX 180 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Canaccord Genuity Group reduced their price objective on B&M European Value Retail from GBX 245 to GBX 230 and set a "buy" rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on B&M European Value Retail from GBX 163 to GBX 170 and gave the company an "underweight" rating in a report on Friday, January 23rd. Finally, Shore Capital Group restated a "buy" rating on shares of B&M European Value Retail in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 207.50.

B&M European Value Retail Stock Up 0.4%

The company has a debt-to-equity ratio of 348.52, a quick ratio of 0.38 and a current ratio of 1.26. The company's 50-day moving average price is GBX 177.24 and its 200 day moving average price is GBX 174.13. The stock has a market capitalization of £1.66 billion, a P/E ratio of 6.67 and a beta of 1.14.

Insider Buying and Selling

In other B&M European Value Retail news, insider Oliver Tant sold 10,850 shares of the firm's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of GBX 186, for a total transaction of £20,181. 22.79% of the stock is currently owned by corporate 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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