B&M European Value Retail (LON:BME) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of B&M European Value Retail S.A. (LON:BME) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 171.57 and traded as low as GBX 155.40. B&M European Value Retail shares last traded at GBX 161.40, with a volume of 7,081,009 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BME. Citigroup lifted their price objective on B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft decreased 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 report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a report on Friday, January 23rd. Canaccord Genuity Group reduced their target price on shares of 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. Finally, Shore Capital Group reiterated a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 207.50.

B&M European Value Retail Price Performance

The firm has a market capitalization of £1.64 billion, a P/E ratio of 6.62 and a beta of 1.09. 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 stock’s fifty day simple moving average is GBX 172.27 and its 200 day simple moving average is GBX 171.57.

Insider Buying and Selling

In other B&M European Value Retail news, insider Oliver Tant sold 10,850 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of GBX 186, for a total value of £20,181. Corporate insiders own 22.79% 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.