B&M European Value Retail (LON:BME) Reaches New 12-Month Low – Time to Sell?

Shares of B&M European Value Retail S.A. (LON:BME) reached a new 52-week low on Wednesday . The stock traded as low as GBX 161.70 and last traded at GBX 163.35, with a volume of 2135608 shares trading hands. The stock had previously closed at GBX 164.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BME shares. JPMorgan Chase & Co. lowered their target price on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th. Citigroup dropped their price objective on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Berenberg Bank decreased their target price on shares of B&M European Value Retail from GBX 590 to GBX 450 and set a “buy” rating for the company in a research note on Thursday, October 9th. Peel Hunt restated an “add” rating and issued a GBX 250 price target on shares of B&M European Value Retail in a research report on Monday, October 20th. Finally, Jefferies Financial Group decreased their price objective on B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating for the company in a research report on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 298.33.

B&M European Value Retail Stock Down 0.5%

The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The company has a market capitalization of £1.65 billion, a PE ratio of 5.15 and a beta of 1.05. The firm’s 50-day simple moving average is GBX 220.99 and its 200 day simple moving average is GBX 255.87.

Insider Transactions at B&M European Value Retail

In other news, insider Tjeerd Jegen purchased 79,500 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of GBX 250 per share, for a total transaction of £198,750. Insiders have bought 257,380 shares of company stock valued at $62,468,940 over the last three months. Company insiders own 22.78% 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.