B&M European Value Retail (LON:BME) Stock Price Passes Below 200-Day Moving Average – Here’s Why

B&M European Value Retail S.A. (LON:BME)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 229.21 and traded as low as GBX 155. B&M European Value Retail shares last traded at GBX 158.60, with a volume of 319,771,469 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BME shares. Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, November 13th. Peel Hunt restated an “add” rating and set a GBX 200 target price on shares of B&M European Value Retail in a research report on Thursday, November 13th. Jefferies Financial Group lowered their target price on shares of B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating on the stock in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Finally, Berenberg Bank lowered their price objective on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 221.63.

B&M European Value Retail Price Performance

The company’s 50-day moving average is GBX 180.97 and its 200-day moving average is GBX 228.44. The firm has a market cap of £1.59 billion, a price-to-earnings ratio of 6.42 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

B&M European Value Retail (LON:BME) last released its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. Equities research analysts predict that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Tjeerd Jegen acquired 29,000 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average cost of GBX 164 per share, with a total value of £47,560. Insiders bought 174,350 shares of company stock valued at $32,357,500 over the last quarter. Company insiders own 22.79% of the company’s stock.

About B&M European Value Retail

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.