B&M European Value Retail (LON:BME) Sets New 52-Week Low – Should You Sell?

B&M European Value Retail S.A. (LON:BME) hit a new 52-week low on Tuesday . The stock traded as low as GBX 154.60 and last traded at GBX 154.94, with a volume of 7929157 shares. The stock had previously closed at GBX 158.95.

Wall Street Analysts Forecast Growth

BME has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating for the company in a report on Tuesday, October 21st. Peel Hunt reiterated an “add” rating and issued a GBX 200 target price on shares of B&M European Value Retail in a report on Thursday, November 13th. Canaccord Genuity Group lowered their price objective on B&M European Value Retail from GBX 395 to GBX 245 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Shore Capital restated a “buy” rating on shares of B&M European Value Retail in a research note on Thursday, November 13th. Finally, Jefferies Financial Group cut their price objective on shares of B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research note on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 291.11.

B&M European Value Retail Price Performance

The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The stock has a 50 day simple moving average of GBX 214.97 and a two-hundred day simple moving average of GBX 250.98. The company has a market cap of £1.56 billion, a price-to-earnings ratio of 4.88 and a beta of 1.05.

B&M European Value Retail (LON:BME) last posted its earnings results on Thursday, November 13th. The company reported GBX 7.20 EPS for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. On average, equities research analysts predict that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tjeerd Jegen bought 31,650 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of GBX 161 per share, for a total transaction of £50,956.50. Insiders have purchased a total of 289,030 shares of company stock valued at $67,564,590 over the last 90 days. 22.78% of the stock is owned by company insiders.

B&M European Value Retail Company Profile

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.