B&M European Value Retail (LON:BME) Trading Up 12.7% – Should You Buy?

B&M European Value Retail S.A. (LON:BME) shares traded up 12.7% during trading on Wednesday . The stock traded as high as GBX 211.40 and last traded at GBX 210.40. 811,351,563 shares traded hands during mid-day trading, an increase of 1,640% from the average session volume of 46,642,242 shares. The stock had previously closed at GBX 186.70.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BME. Shore Capital Group downgraded B&M European Value Retail to a “hold” rating and set a GBX 215 price objective on the stock. in a research report on Tuesday, June 16th. Jefferies Financial Group reissued a “hold” rating and set a GBX 165 target price on shares of B&M European Value Retail in a research report on Thursday, June 4th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 204.38.

B&M European Value Retail Stock Up 12.7%

The company’s fifty day moving average price is GBX 178.06 and its 200-day moving average price is GBX 174.68. The stock has a market cap of £2.11 billion, a P/E ratio of 12.91 and a beta of 1.09. The company has a debt-to-equity ratio of 306.52, a quick ratio of 0.38 and a current ratio of 1.42.

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

Insider Transactions at B&M European Value Retail

In other B&M European Value Retail news, insider Peter Pritchard bought 53,016 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of GBX 192 per share, for a total transaction of £101,790.72. 22.79% of the stock is currently 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.