Shares of B&M European Value Retail S.A. (LON:BME - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 235.10 ($3.17) and traded as high as GBX 252.70 ($3.40). B&M European Value Retail shares last traded at GBX 251.90 ($3.39), with a volume of 2,280,673 shares.
Wall Street Analyst Weigh In
BME has been the subject of a number of research reports. Citigroup decreased their price target on shares of B&M European Value Retail from GBX 456 to GBX 361 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 490 price target on shares of B&M European Value Retail in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 410 price objective on shares of B&M European Value Retail in a report on Tuesday, July 15th. Shore Capital assumed coverage on shares of B&M European Value Retail in a report on Tuesday, September 2nd. They issued a "hold" rating and a GBX 250 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of B&M European Value Retail from GBX 281 to GBX 207 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 380.50.
View Our Latest Report on B&M European Value Retail
B&M European Value Retail Stock Down 1.4%
The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The company's fifty day moving average is GBX 234.68 and its 200-day moving average is GBX 274.55. The company has a market cap of £2.51 billion, a PE ratio of 786.16 and a beta of 1.05.
Insider Transactions at B&M European Value Retail
In other B&M European Value Retail news, insider Tjeerd Jegen purchased 61,500 shares of the firm's stock in a transaction on Friday, September 12th. The shares were acquired at an average cost of GBX 242 per share, for a total transaction of £148,830. Insiders have purchased a total of 206,980 shares of company stock valued at $49,868,940 in the last 90 days. Company insiders own 22.78% of the company's stock.
About B&M European Value Retail
(
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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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