B&M European Value Retail (LON:BME) Stock Price Down 16% – Time to Sell?

B&M European Value Retail S.A. (LON:BME) fell 16% on Monday . The stock traded as low as GBX 173.70 ($2.33) and last traded at GBX 182.71 ($2.45). 348,471,406 shares were traded during trading, an increase of 2,265% from the average session volume of 14,734,898 shares. The stock had previously closed at GBX 217.60 ($2.92).

Wall Street Analyst Weigh In

Several research firms have weighed in on BME. JPMorgan Chase & Co. cut their target price on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Citigroup cut their target price on B&M European Value Retail from GBX 361 to GBX 290 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 410 target price on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Shore Capital upgraded B&M European Value Retail to a “buy” rating and increased their price target for the company from GBX 250 to GBX 300 in a research note on Thursday, October 9th. Finally, Jefferies Financial Group dropped their price target on B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating for the company in a research note on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 364.44.

B&M European Value Retail Stock Down 15.0%

The company has a market capitalization of £1.86 billion, a P/E ratio of 581.76 and a beta of 1.05. The stock has a 50 day moving average price of GBX 240.63 and a 200 day moving average price of GBX 271.32. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

Insiders Place Their Bets

In related news, insider Tjeerd Jegen acquired 50,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was acquired at an average cost of GBX 250 per share, for a total transaction of £126,000. Insiders acquired 257,380 shares of company stock valued at $62,468,940 in the last three months. Corporate 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.