B&M European Value Retail (LON:BME) Stock Price Passes Below 200-Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 201.24 and traded as low as GBX 174.80. B&M European Value Retail shares last traded at GBX 176.35, with a volume of 5,429,617 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 200 target price on shares of B&M European Value Retail in a research report on Thursday, November 13th. Canaccord Genuity Group decreased their price objective on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating for the company in a report on Friday, January 23rd. Jefferies Financial Group lowered their target price on B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their price target on B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a research report on Friday, January 23rd. Finally, Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a research note on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 213.13.

B&M European Value Retail Price Performance

The business has a fifty day moving average of GBX 166.24 and a 200 day moving average of GBX 201.24. The firm has a market cap of £1.77 billion, a P/E ratio of 7.14 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.

B&M European Value Retail (LON:BME) last released its quarterly earnings data on Thursday, November 13th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. On average, sell-side analysts anticipate that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 29,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average price of GBX 164 per share, for a total transaction of £47,560. In the last quarter, insiders acquired 123,950 shares of company stock valued at $19,757,500. 22.79% of the stock is currently owned by corporate insiders.

About B&M European Value Retail

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.