B&M European Value Retail (LON:BME) Hits New 12-Month Low Following Insider Selling

B&M European Value Retail S.A. (LON:BME)’s share price reached a new 52-week low during mid-day trading on Monday following insider selling activity. The company traded as low as GBX 140 and last traded at GBX 177.50, with a volume of 1319182 shares traded. The stock had previously closed at GBX 179.96.

Specifically, insider Oliver Tant sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 186, for a total value of £20,181.

Analyst Ratings Changes

BME has been the topic of several research reports. Citigroup raised 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. Shore Capital Group reissued a “buy” rating on shares of B&M European Value Retail in a research note on Friday, January 23rd. Canaccord Genuity Group dropped their price target on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating for the company in a research note on Friday, January 23rd. Berenberg Bank cut their price objective on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. increased their price objective on B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, B&M European Value Retail has a consensus rating of “Moderate Buy” and an average target price of GBX 207.50.

B&M European Value Retail Price Performance

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 firm’s fifty day moving average price is GBX 176.48 and its 200-day moving average price is GBX 192.10. The stock has a market cap of £1.81 billion, a P/E ratio of 7.31 and a beta of 1.17.

B&M European Value Retail Company Profile

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.