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

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s share price traded down 12.7% during trading on Wednesday . The company traded as low as GBX 289 ($3.92) and last traded at GBX 289.80 ($3.94). 16,275,780 shares were traded during mid-day trading, an increase of 1% from the average session volume of 16,069,318 shares. The stock had previously closed at GBX 332 ($4.51).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lowered their target price on B&M European Value Retail from GBX 545 ($7.40) to GBX 490 ($6.65) and set a "buy" rating for the company in a report on Tuesday, February 25th. Shore Capital reiterated a "not rated" rating on shares of B&M European Value Retail in a report on Tuesday, April 15th. Finally, Citigroup reiterated a "buy" rating and issued a GBX 456 ($6.19) target price on shares of B&M European Value Retail in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 538.76 ($7.32).

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 business has a 50-day moving average price of GBX 318.92 and a 200 day moving average price of GBX 319.20. The stock has a market cap of £2.84 billion, a PE ratio of 6.75 and a beta of 1.05.

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