B&M European Value Retail (LON:BME) Share Price Passes Above 50-Day Moving Average – Should You Sell?

B&M European Value Retail S.A. (LON:BME) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 284.19 ($3.82) and traded as high as GBX 333.20 ($4.48). B&M European Value Retail shares last traded at GBX 330.90 ($4.45), with a volume of 2,771,813 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BME. Shore Capital reaffirmed a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 15th. Citigroup reaffirmed a “buy” rating and issued a GBX 456 ($6.13) price objective on shares of B&M European Value Retail in a research note on Friday, March 28th. JPMorgan Chase & Co. cut their price target on B&M European Value Retail from GBX 349 ($4.69) to GBX 320 ($4.30) and set an “underweight” rating for the company in a report on Monday, January 13th. Finally, Canaccord Genuity Group decreased their price objective on B&M European Value Retail from GBX 545 ($7.32) to GBX 490 ($6.58) and set a “buy” rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 538.76 ($7.24).

B&M European Value Retail Trading Up 0.9 %

The business’s 50-day simple moving average is GBX 284.19 and its two-hundred day simple moving average is GBX 330.58. The firm has a market capitalization of £3.33 billion, a price-to-earnings ratio of 7.91 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 company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of GBX 285 ($3.83) per share, for a total transaction of £21,375 ($28,718.26). Corporate 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.