B&M European Value Retail (LON:BME) Stock Crosses Above Fifty Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 168.33 and traded as high as GBX 185.35. B&M European Value Retail shares last traded at GBX 180.67, with a volume of 89,844,828 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BME. Peel Hunt restated an “add” rating and set a GBX 200 price objective on shares of B&M European Value Retail in a research note on Thursday, November 13th. Canaccord Genuity Group reduced their target price on shares of B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating for the company in a report on Friday, January 23rd. Citigroup upped their price target on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price target 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. Finally, Shore Capital Group reissued a “buy” rating on shares of B&M European Value Retail in a report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 207.50.

B&M European Value Retail Trading Down 0.8%

The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The company’s 50-day moving average is GBX 168.33 and its 200 day moving average is GBX 197.69. The company has a market cap of £1.78 billion, a price-to-earnings ratio of 7.19 and a beta of 1.05.

B&M European Value Retail (LON:BME) last posted its earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. Research analysts predict that B&M European Value Retail S.A. will post 38.4814815 EPS for the current year.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 31,850 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of GBX 155 per share, for a total transaction of £49,367.50. Over the last ninety days, insiders bought 92,300 shares of company stock valued at $14,661,850. Corporate 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.