B&M European Value Retail (LON:BME) Stock Price Passes 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 Wednesday . The stock has a two hundred day moving average of GBX 193.87 and traded as low as GBX 183.40. B&M European Value Retail shares last traded at GBX 186.34, with a volume of 197,467,688 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Peel Hunt reissued an “add” rating and set a GBX 200 price objective on shares of B&M European Value Retail in a report on Thursday, November 13th. Berenberg Bank lowered their price target on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating for the company in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Jefferies Financial Group reduced their price objective on B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating for the company in a research note on Thursday, November 20th. Finally, Citigroup upped their target price on 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. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus 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 capitalization of £1.82 billion, a PE ratio of 7.32 and a beta of 1.17. The firm has a 50-day moving average of GBX 176.07 and a two-hundred day moving average of GBX 193.54. The company has a quick ratio of 0.38, a current ratio of 1.26 and a debt-to-equity ratio of 348.52.

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.