B&M European Value Retail (LON:BME) Shares Cross Below 200-Day Moving Average – Here’s What Happened

B&M European Value Retail S.A. (LON:BME) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 189.67 and traded as low as GBX 164.50. B&M European Value Retail shares last traded at GBX 168, with a volume of 371,951,375 shares.

Wall Street Analyst Weigh In

Several brokerages recently commented on BME. Shore Capital Group reiterated a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Canaccord Genuity Group dropped their price objective on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on 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. Citigroup increased their target price on B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Berenberg Bank lowered their target price on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a report on Thursday, December 4th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 207.50.

B&M European Value Retail Price Performance

The stock has a market cap of £1.68 billion, a price-to-earnings ratio of 6.78 and a beta of 1.17. 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 stock’s 50 day simple moving average is GBX 178.03 and its two-hundred day simple moving average is GBX 189.18.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Oliver Tant sold 10,850 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of GBX 186, for a total value of £20,181. Company insiders own 22.79% of the company’s stock.

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.