B&M European Value Retail (LON:BME) Reaches New 52-Week Low Following Insider Selling

B&M European Value Retail S.A. (LON:BME) shares hit a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as GBX 140 and last traded at GBX 177.50, with a volume of 1319182 shares. The stock had previously closed at GBX 179.96.

Specifically, insider Oliver Tant sold 10,850 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of GBX 186, for a total value of £20,181.

Analyst Ratings Changes

BME has been the topic of several recent research reports. JPMorgan Chase & Co. boosted 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. Citigroup increased their price objective on shares of B&M European Value Retail from GBX 165 to GBX 180 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Shore Capital Group reiterated a “buy” rating on shares of B&M European Value Retail in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of B&M European Value Retail from GBX 180 to GBX 175 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Canaccord Genuity Group decreased 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 research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 207.50.

B&M European Value Retail Stock Up 1.1%

The company has a debt-to-equity ratio of 348.52, a quick ratio of 0.38 and a current ratio of 1.26. The firm has a fifty day simple moving average of GBX 176.48 and a 200-day simple moving average of GBX 192.10. The company has a market capitalization of £1.81 billion, a PE ratio of 7.31 and a beta of 1.17.

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.