B&M European Value Retail (LON:BME) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

B&M European Value Retail S.A. (LON:BME)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 172.33 and traded as low as GBX 170.40. B&M European Value Retail shares last traded at GBX 173.91, with a volume of 3,961,972 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on BME shares. Canaccord Genuity Group lowered their price target on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating on the stock in a report on Friday, January 23rd. Citigroup increased their price objective on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Shore Capital Group reissued a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of B&M European Value Retail from GBX 163 to GBX 170 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 207.50.

B&M European Value Retail Stock Up 0.0%

The company has a debt-to-equity ratio of 348.52, a current ratio of 1.26 and a quick ratio of 0.38. The company has a market capitalization of £1.75 billion, a PE ratio of 7.04 and a beta of 1.09. The business has a 50-day moving average of GBX 175.80 and a 200 day moving average of GBX 172.33.

Insider Transactions at B&M European Value Retail

In other news, insider Oliver Tant sold 10,850 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 186, for a total transaction of £20,181. 22.79% of the stock is currently owned by insiders.

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.