B&M European Value Retail (LON:BME) Sets New 12-Month Low – Here’s What Happened

Shares of B&M European Value Retail S.A. (LON:BME) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 200.20 ($2.70) and last traded at GBX 225.60 ($3.04), with a volume of 433843000 shares traded. The stock had previously closed at GBX 256.20 ($3.45).

Wall Street Analyst Weigh In

BME has been the subject of several research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 490 target price on shares of B&M European Value Retail in a research report on Monday, June 9th. JPMorgan Chase & Co. lowered their price objective on B&M European Value Retail from GBX 281 to GBX 207 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Citigroup cut their price objective on B&M European Value Retail from GBX 456 to GBX 361 and set a “buy” rating for the company in a report on Wednesday, July 16th. Shore Capital initiated coverage on shares of B&M European Value Retail in a research report on Tuesday, September 2nd. They issued a “hold” rating and a GBX 250 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 410 target price on shares of B&M European Value Retail in a report on Tuesday, July 15th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 380.50.

B&M European Value Retail Stock Down 7.1%

The firm has a 50 day moving average price of GBX 239.80 and a 200-day moving average price of GBX 273.87. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The firm has a market cap of £2.39 billion, a price-to-earnings ratio of 748.11 and a beta of 1.05.

Insider Activity at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 50,400 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were bought at an average price of GBX 250 per share, with a total value of £126,000. In the last three months, insiders have acquired 257,380 shares of company stock worth $62,468,940. Insiders own 22.78% of the company’s stock.

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.