B&M European Value Retail (LON:BME) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

B&M European Value Retail S.A. (LON:BME)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 189.67 and traded as low as GBX 164.50. B&M European Value Retail shares last traded at GBX 168, with a volume of 371,951,375 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BME shares. JPMorgan Chase & Co. lifted their price target on shares of 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. Deutsche Bank Aktiengesellschaft dropped their price objective on B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating for the company in a research note on Friday, January 23rd. Citigroup lifted their price objective on B&M European Value Retail from GBX 165 to GBX 180 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Jefferies Financial Group decreased 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. Finally, Shore Capital Group reissued a “buy” rating on shares of B&M European Value Retail in a 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 207.50.

B&M European Value Retail Trading Up 0.9%

The company has a market cap of £1.69 billion, a price-to-earnings ratio of 6.80 and a beta of 1.17. The company has a debt-to-equity ratio of 348.52, a current ratio of 1.26 and a quick ratio of 0.38. The business’s 50-day simple moving average is GBX 178.14 and its 200-day simple moving average is GBX 189.67.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Oliver Tant sold 10,850 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 186, for a total transaction of £20,181. 22.79% of the stock is currently owned by company insiders.

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.