B&M European Value Retail (LON:BME) Stock Crosses Above 50-Day Moving Average of $481.43

B&M European Value Retail S.A. (LON:BME – Get Rating)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 481.43 ($5.99) and traded as high as GBX 489.70 ($6.09). B&M European Value Retail shares last traded at GBX 465.70 ($5.79), with a volume of 2,597,425 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Stifel Nicolaus downgraded shares of B&M European Value Retail to a “hold” rating and set a GBX 500 ($6.22) price target for the company. in a research report on Thursday, February 9th. Royal Bank of Canada raised shares of B&M European Value Retail to an “outperform” rating and raised their price target for the stock from GBX 460 ($5.72) to GBX 550 ($6.84) in a research report on Monday, March 6th. Finally, Jefferies Financial Group raised their price target on shares of B&M European Value Retail from GBX 350 ($4.35) to GBX 380 ($4.73) and gave the stock an “underperform” rating in a research report on Monday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 476.43 ($5.93).

B&M European Value Retail Trading Up 0.7 %

The stock has a market cap of £4.69 billion, a price-to-earnings ratio of 1,194.10 and a beta of 1.09. The business’s fifty day simple moving average is GBX 481.43 and its 200 day simple moving average is GBX 453.87. The company has a debt-to-equity ratio of 269.40, a current ratio of 1.59 and a quick ratio of 0.38.

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 701 stores under the B&M brand, and 311 stores under the Heron Foods and B&M Express brands in the United Kingdom; and 107 stores under the B&M brand in France. It also provides employment and property management services.