B&M European Value Retail (LON:BME) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of B&M European Value Retail S.A. (LON:BME) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 475.81 ($6.21) and traded as low as GBX 405.40 ($5.29). B&M European Value Retail shares last traded at GBX 410.10 ($5.36), with a volume of 2,625,779 shares changing hands.

Wall Street Analysts Forecast Growth

BME has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating on shares of B&M European Value Retail in a report on Friday, June 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 ($7.83) target price on shares of B&M European Value Retail in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, B&M European Value Retail has an average rating of “Moderate Buy” and a consensus target price of GBX 587.67 ($7.67).

B&M European Value Retail Stock Performance

The company has a market capitalization of £4.10 billion, a price-to-earnings ratio of 1,139.17 and a beta of 1.05. The firm has a fifty day simple moving average of GBX 431.25 and a 200 day simple moving average of GBX 475.81. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

Insider Activity

In related news, insider Alex Russo sold 8,602 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.54), for a total value of £36,472.48 ($47,626.64). Insiders own 4.22% 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.