B&M European Value Retail (LON:BME) Trading Down 12.7% - Here's Why

Shares of B&M European Value Retail S.A. (LON:BME - Get Free Report) traded down 12.7% during mid-day trading on Wednesday . The stock traded as low as GBX 289 ($3.91) and last traded at GBX 289.80 ($3.92). 16,275,780 shares were traded during trading, an increase of 1% from the average session volume of 16,069,318 shares. The stock had previously closed at GBX 332 ($4.49).

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Shore Capital reissued a "not rated" rating on shares of B&M European Value Retail in a research report on Tuesday, April 15th. Citigroup reissued a "buy" rating and set a GBX 456 ($6.17) price target on shares of B&M European Value Retail in a research report on Friday, March 28th. Finally, Canaccord Genuity Group dropped their target price on B&M European Value Retail from GBX 545 ($7.37) to GBX 490 ($6.63) and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 538.76 ($7.29).

B&M European Value Retail Price Performance

The stock has a 50 day moving average price of GBX 319.69 and a two-hundred day moving average price of GBX 318.27. 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 capitalization of £2.91 billion, a PE ratio of 6.90 and a beta of 1.05.

B&M European Value Retail (LON:BME - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported GBX 31.80 ($0.43) earnings per share for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. Equities analysts forecast that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

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.