B&M European Value Retail (LON:BME) Reaches New 52-Week High – Here’s Why

B&M European Value Retail S.A. (LON:BME)’s stock price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 334.40 and last traded at GBX 325, with a volume of 204,562,531 shares traded. The stock had previously closed at GBX 279.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on B&M European Value Retail from GBX 180 to GBX 240 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Berenberg Bank lifted their target price on shares of B&M European Value Retail from GBX 290 to GBX 340 and gave the company a “buy” rating in a report on Tuesday, October 27th. Finally, Shore Capital Group reaffirmed a “hold” rating and issued a GBX 215 target price on shares of B&M European Value Retail in a report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, B&M European Value Retail has an average rating of “Hold” and a consensus target price of GBX 218.75.

B&M European Value Retail Stock Up 18.2%

The firm has a market cap of £3.32 billion, a price-to-earnings ratio of 20.23 and a beta of 1.10. The firm’s 50 day moving average price is GBX 258.34 and its two-hundred day moving average price is GBX 208.24. The company has a debt-to-equity ratio of 306.52, a current ratio of 1.42 and a quick ratio of 0.38.

B&M European Value Retail (LON:BME) last released its quarterly earnings results on Thursday, November 12th. The company reported GBX 8.90 earnings per share (EPS) for the quarter. The firm had revenue of GBX 284.80 billion for the quarter. B&M European Value Retail had a return on equity of 21.74% and a net margin of 2.84%. As a group, sell-side analysts forecast that B&M European Value Retail S.A. will post 38.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tjeerd Jegen acquired 18,567 shares of the firm’s stock in a transaction on Monday, September 7th. The stock was bought at an average cost of GBX 233 per share, with a total value of £43,261.11. 22.81% of the stock is currently owned by corporate insiders.

B&M European Value Retail Company Profile

B&M European Value Retail S.A. 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.