B&M European Value Retail (LON:BME) Shares Pass Above 50-Day Moving Average of $529.23

B&M European Value Retail S.A. (LON:BME)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 529.23 ($6.65) and traded as high as GBX 533.79 ($6.71). B&M European Value Retail shares last traded at GBX 517 ($6.49), with a volume of 2,957,085 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BME shares. Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a report on Tuesday, April 16th. Jefferies Financial Group lowered shares of B&M European Value Retail to a “hold” rating and raised their price target for the company from GBX 380 ($4.77) to GBX 525 ($6.59) in a report on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 660 ($8.29) price objective on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 583.29 ($7.33).

B&M European Value Retail Stock Performance

The company has a debt-to-equity ratio of 280.00, a quick ratio of 0.38 and a current ratio of 1.37. The stock’s fifty day moving average is GBX 529.23 and its two-hundred day moving average is GBX 540.53. The firm has a market capitalization of £5.21 billion, a price-to-earnings ratio of 1,477.14 and a beta of 1.00.

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.