B&M European Value Retail (LON:BME) Shares Cross Below 200 Day Moving Average – Should You Sell?

B&M European Value Retail S.A. (LON:BME)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 171.57 and traded as low as GBX 155.40. B&M European Value Retail shares last traded at GBX 161.40, with a volume of 7,081,009 shares.

Analysts Set New Price Targets

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

B&M European Value Retail Stock Down 1.9%

The company has a market cap of £1.61 billion, a P/E ratio of 6.50 and a beta of 1.09. The company’s 50-day moving average is GBX 171.63 and its two-hundred day moving average is GBX 171.25. The company has a debt-to-equity ratio of 348.52, a current ratio of 1.26 and a quick ratio of 0.38.

Insiders Place Their Bets

In related 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 value of £20,181. 22.79% of the stock is currently owned by insiders.

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.