B&M European Value Retail (LON:BME) Reaches New 1-Year High – Time to Buy?

B&M European Value Retail S.A. (LON:BME) shares reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 277.40 and last traded at GBX 276.80, with a volume of 4,156,464 shares trading hands. The stock had previously closed at GBX 274.

Analyst Ratings Changes

Several analysts recently commented on BME shares. Shore Capital Group reaffirmed a “hold” rating and set a GBX 215 target price on shares of B&M European Value Retail in a report on Wednesday, July 15th. Jefferies Financial Group restated a “hold” rating and issued a GBX 180 price target on shares of B&M European Value Retail in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 206.25.

B&M European Value Retail Price Performance

The firm has a market capitalization of £2.78 billion, a price-to-earnings ratio of 16.98 and a beta of 1.10. The stock has a fifty day moving average of GBX 241.83 and a two-hundred day moving average of GBX 206.90. The company has a debt-to-equity ratio of 306.52, a current ratio of 1.42 and a quick ratio of 0.38.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Peter Waterhouse sold 3,715 shares of B&M European Value Retail stock in a transaction dated Monday, August 10th. The stock was sold at an average price of GBX 234, for a total value of £8,693.10. Also, insider Tjeerd Jegen bought 146,910 shares of the stock in a transaction on Monday, September 7th. The stock was acquired at an average price of GBX 233 per share, with a total value of £342,300.30. 22.80% of the stock is 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.