B&M European Value Retail (LON:BME) Shares Pass Below 200 Day Moving Average of $539.90

B&M European Value Retail S.A. (LON:BMEGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 539.90 ($6.90) and traded as low as GBX 539 ($6.88). B&M European Value Retail shares last traded at GBX 545 ($6.96), with a volume of 3,116,355 shares traded.

Analyst Ratings Changes

BME has been the topic of a number of recent analyst reports. Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 660 ($8.43) price target on shares of B&M European Value Retail in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price target on shares of B&M European Value Retail from GBX 566 ($7.23) to GBX 585 ($7.47) and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group downgraded shares of B&M European Value Retail to a “hold” rating and boosted their price target for the stock from GBX 380 ($4.85) to GBX 525 ($6.70) in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 588.29 ($7.51).

Get Our Latest Stock Report on BME

B&M European Value Retail Stock Down 0.6 %

The company has a current ratio of 1.37, a quick ratio of 0.38 and a debt-to-equity ratio of 280.00. The stock’s 50-day moving average is GBX 530.31 and its 200-day moving average is GBX 539.90. The company has a market cap of £5.42 billion, a price-to-earnings ratio of 1,557.14 and a beta of 1.01.

About B&M European Value Retail

(Get Free Report)

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.

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