B&M European Value Retail (LON:BME) Stock Breaks Above 50 Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 234.85 and traded as high as GBX 261.40. B&M European Value Retail shares last traded at GBX 255.40, with a volume of 824,148,938 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on BME. Shore Capital Group restated a “hold” rating and issued a GBX 215 target price on shares of B&M European Value Retail in a research report on Wednesday, July 15th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 180 price target on shares of B&M European Value Retail in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, B&M European Value Retail currently has a consensus rating of “Hold” and an average target price of GBX 206.25.

B&M European Value Retail Stock Performance

The company has a current ratio of 1.42, a quick ratio of 0.38 and a debt-to-equity ratio of 306.52. The stock’s fifty day simple moving average is GBX 235.64 and its 200 day simple moving average is GBX 201.05. The company has a market cap of £2.52 billion, a price-to-earnings ratio of 15.39 and a beta of 1.11.

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Peter Waterhouse sold 3,715 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of GBX 234, for a total transaction of £8,693.10. Also, insider Tjeerd Jegen acquired 18,567 shares of the stock in a transaction on Monday, September 7th. The shares were bought at an average cost of GBX 233 per share, for a total transaction of £43,261.11. 22.81% 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.