B&M European Value Retail (LON:BME) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

B&M European Value Retail S.A. (LON:BME)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 178.33 and traded as low as GBX 170.50. B&M European Value Retail shares last traded at GBX 174, with a volume of 6,164,907 shares traded.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BME shares. Citigroup lifted their price objective on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft dropped their target price on B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Shore Capital Group restated a “buy” rating on shares of B&M European Value Retail in a research note on Friday, January 23rd. Canaccord Genuity Group dropped their target price on B&M European Value Retail from GBX 245 to GBX 230 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on B&M European Value Retail from GBX 163 to GBX 170 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average price target of GBX 207.50.

B&M European Value Retail Stock Performance

The company has a market cap of £1.75 billion, a PE ratio of 7.04 and a beta of 1.14. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 348.52. The firm’s 50-day simple moving average is GBX 178.33 and its two-hundred day simple moving average is GBX 180.05.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Oliver Tant sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 186, for a total transaction of £20,181. Corporate insiders own 22.79% 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.