B&M European Value Retail (LON:BME) Stock Price Up 13.7% – Here’s What Happened

B&M European Value Retail S.A. (LON:BME) rose 13.7% during mid-day trading on Wednesday . The stock traded as high as GBX 196.10 and last traded at GBX 193.80. Approximately 25,143,244 shares changed hands during trading, a decline of 35% from the average daily volume of 38,476,266 shares. The stock had previously closed at GBX 170.50.

Wall Street Analysts Forecast Growth

BME has been the topic of several research analyst reports. Citigroup boosted their price target on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Jefferies Financial Group restated a “hold” rating and issued a GBX 165 price target on shares of B&M European Value Retail in a research note on Thursday. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 206.25.

B&M European Value Retail Stock Up 0.3%

The company has a debt-to-equity ratio of 306.52, a current ratio of 1.42 and a quick ratio of 0.38. The firm has a market capitalization of £2.10 billion, a P/E ratio of 12.81 and a beta of 1.09. The company’s 50-day simple moving average is GBX 172.45 and its two-hundred day simple moving average is GBX 171.96.

B&M European Value Retail (LON:BME) last released its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 16.30 earnings per share for the quarter. The business had revenue of GBX 577.50 billion for the quarter. B&M European Value Retail had a net margin of 2.84% and a return on equity of 21.74%. As a group, research analysts expect that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current year.

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.