B&M European Value Retail (LON:BME) Reaches New 52-Week Low – What’s Next?

B&M European Value Retail S.A. (LON:BMEGet Free Report) shares hit a new 52-week low on Monday . The company traded as low as GBX 140 and last traded at GBX 177.50, with a volume of 1319182 shares. The stock had previously closed at GBX 179.96.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BME shares. 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 report on Thursday, December 4th. Citigroup boosted 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 research report on Thursday, February 5th. Jefferies Financial Group decreased their price target on 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. Peel Hunt reissued an “add” rating and set a GBX 200 price objective on shares of B&M European Value Retail in a report on Thursday, November 13th. Finally, Shore Capital Group restated a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 207.50.

View Our Latest Stock Report on B&M European Value Retail

B&M European Value Retail Trading Down 0.8%

The company’s 50 day simple moving average is GBX 176.07 and its two-hundred day simple moving average is GBX 192.96. The company has a quick ratio of 0.38, a current ratio of 1.26 and a debt-to-equity ratio of 348.52. The company has a market capitalization of £1.79 billion, a price-to-earnings ratio of 7.23 and a beta of 1.17.

About B&M European Value Retail

(Get Free Report)

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.

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