B&M European Value Retail (LON:BME) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

B&M European Value Retail S.A. (LON:BME) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 193.87 and traded as low as GBX 183.40. B&M European Value Retail shares last traded at GBX 186.34, with a volume of 197,467,688 shares.

Analysts Set New Price Targets

BME has been the subject of several recent research reports. Jefferies Financial Group lowered their target price on B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating for the company in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft dropped their target price on B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Berenberg Bank reduced their price target on shares of B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a report on Thursday, December 4th. Peel Hunt restated an “add” rating and set a GBX 200 price target on shares of B&M European Value Retail in a research report on Thursday, November 13th. Finally, Canaccord Genuity Group cut their price objective on shares of B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 207.50.

B&M European Value Retail Stock Performance

The stock has a market capitalization of £1.87 billion, a price-to-earnings ratio of 7.54 and a beta of 1.05. The company has a 50 day simple moving average of GBX 175.10 and a 200-day simple moving average of GBX 193.87. The company has a quick ratio of 0.38, a current ratio of 1.26 and a debt-to-equity ratio of 348.52.

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.