B&M European Value Retail (LON:BME) Reaches New 52-Week High – Here’s Why

B&M European Value Retail S.A. (LON:BME) hit a new 52-week high on Thursday. The stock traded as high as GBX 334.40 and last traded at GBX 325, with a volume of 204,562,531 shares. The stock had previously closed at GBX 279.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BME shares. Jefferies Financial Group lifted their price objective on shares of B&M European Value Retail from GBX 180 to GBX 240 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Shore Capital Group reissued a “hold” rating and issued a GBX 215 price objective on shares of B&M European Value Retail in a research note on Wednesday, July 15th. Finally, Berenberg Bank upped their price objective on shares of B&M European Value Retail from GBX 290 to GBX 340 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 218.75.

B&M European Value Retail Trading Up 18.2%

The stock has a market cap of £3.32 billion, a PE ratio of 20.23 and a beta of 1.10. The business’s fifty day moving average is GBX 258.34 and its 200 day moving average is GBX 208.24. The company has a quick ratio of 0.38, a current ratio of 1.42 and a debt-to-equity ratio of 306.52.

B&M European Value Retail (LON:BME) last issued its earnings results on Thursday, November 12th. The company reported GBX 8.90 earnings per share for the quarter. B&M European Value Retail had a net margin of 2.84% and a return on equity of 21.74%. The company had revenue of GBX 284.80 billion for the quarter. As a group, analysts predict that B&M European Value Retail S.A. will post 38.48 earnings per share for the current year.

Insider Activity at B&M European Value Retail

In other news, insider Tjeerd Jegen purchased 18,567 shares of the firm’s stock in a transaction dated Monday, September 7th. The shares were acquired at an average price of GBX 233 per share, with a total value of £43,261.11. 22.81% of the stock is owned by company insiders.

B&M European Value Retail Company Profile

B&M European Value Retail S.A. 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.