B&M European Value Retail (LON:BME) Hits New 52-Week Low - Here's Why

Shares of B&M European Value Retail S.A. (LON:BME - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 378.34 ($4.87) and last traded at GBX 379.90 ($4.89), with a volume of 3024078 shares traded. The stock had previously closed at GBX 383.20 ($4.93).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 600 ($7.72) price target on shares of B&M European Value Retail in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 587.67 ($7.56).

B&M European Value Retail Stock Down 0.7 %

The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The business's 50 day moving average price is GBX 411.30 and its 200 day moving average price is GBX 458.80. The firm has a market cap of £3.81 billion, a price-to-earnings ratio of 1,054.17 and a beta of 1.05.

Insider Transactions at B&M European Value Retail

In related news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.46), for a total transaction of £36,472.48 ($46,934.09). Corporate insiders own 4.22% of the company's stock.

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.