B&M European Value Retail (LON:BME) Stock Price Passes Above 50 Day Moving Average – Here’s Why

B&M European Value Retail S.A. (LON:BME)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 198.14 and traded as high as GBX 227. B&M European Value Retail shares last traded at GBX 222.60, with a volume of 478,029,781 shares changing hands.

Wall Street Analyst Weigh In

BME has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 180 price target on shares of B&M European Value Retail in a research report on Wednesday, July 1st. Shore Capital Group reiterated a “hold” rating and issued a GBX 215 price target on shares of B&M European Value Retail in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, B&M European Value Retail currently has a consensus rating of “Hold” and an average price target of GBX 206.25.

B&M European Value Retail Stock Down 1.2%

The company has a quick ratio of 0.38, a current ratio of 1.42 and a debt-to-equity ratio of 306.52. The firm has a 50 day simple moving average of GBX 198.14 and a 200-day simple moving average of GBX 182.79. The stock has a market cap of £2.24 billion, a P/E ratio of 13.66 and a beta of 1.09.

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

Insiders Place Their Bets

In related news, insider Peter Pritchard acquired 53,016 shares of B&M European Value Retail stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of GBX 192 per share, with a total value of £101,790.72. Also, insider Tjeerd Jegen acquired 53,100 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was bought at an average price of GBX 187 per share, for a total transaction of £99,297. 22.81% of the stock is currently owned by corporate insiders.

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.