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

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 Tuesday . The stock has a fifty day moving average of GBX 290.65 ($3.87) and traded as high as GBX 350 ($4.66). B&M European Value Retail shares last traded at GBX 339.49 ($4.52), with a volume of 6,851,037 shares.

Analysts Set New Price Targets

Several equities research analysts have commented on BME shares. Canaccord Genuity Group lowered their price target on shares of B&M European Value Retail from GBX 545 ($7.25) to GBX 490 ($6.52) and set a "buy" rating on the stock in a report on Tuesday, February 25th. Citigroup reiterated a "buy" rating and set a GBX 456 ($6.07) price target on shares of B&M European Value Retail in a research report on Friday, March 28th. Shore Capital reaffirmed a "not rated" rating on shares of B&M European Value Retail in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of B&M European Value Retail from GBX 349 ($4.64) to GBX 320 ($4.26) and set an "underweight" rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 538.76 ($7.17).

B&M European Value Retail Stock Performance

The stock has a 50-day moving average of GBX 294.74 and a 200 day moving average of GBX 326.83. The stock has a market cap of £3.38 billion, a PE ratio of 8.02 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77.

Insider Transactions at B&M European Value Retail

In related news, insider Oliver Tant acquired 7,500 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of GBX 285 ($3.79) per share, for a total transaction of £21,375 ($28,435.55). Insiders own 4.22% of the company's stock.

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.