B&M European Value Retail (LON:BME) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• B&M European Value Retail shares rose above their 50-day moving average, reaching GBX 235.80 before last trading at GBX 231 on volume of about 2.7 million shares.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of GBX 206.25, below the latest share price.
• Recent insider activity was positive: executives Peter Pritchard and Tjeerd Jegen each purchased roughly 53,000 shares, while insiders collectively own 22.81% of the company.

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 205.20 and traded as high as GBX 235.80. B&M European Value Retail shares last traded at GBX 231, with a volume of 2,698,423 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group restated a "hold" rating and issued a GBX 180 target price on shares of B&M European Value Retail in a research report on Wednesday, July 1st. Shore Capital Group reiterated a "hold" rating and set a GBX 215 price target on shares of B&M European Value Retail in a research report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 206.25.

B&M European Value Retail Trading Down 1.7%

The business has a fifty day moving average of GBX 205.20 and a 200-day moving average of GBX 185.59. The stock has a market capitalization of £2.32 billion, a price-to-earnings ratio of 14.17 and a beta of 0.99. The company has a debt-to-equity ratio of 306.52, a current ratio of 1.42 and a quick ratio of 0.38.

B&M European Value Retail (LON:BME - Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 16.30 earnings per share for the quarter. B&M European Value Retail had a net margin of 2.84% and a return on equity of 21.74%. The company had revenue of GBX 577.50 billion during the quarter. On average, equities analysts anticipate that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current fiscal year.

Insider Buying and Selling

In other B&M European Value Retail news, insider Peter Pritchard bought 53,016 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of GBX 192 per share, with a total value of £101,790.72. Also, insider Tjeerd Jegen bought 53,100 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of GBX 187 per share, with a total value of £99,297. 22.81% of the stock is owned by 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.

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