B&M European Value Retail (LON:BME) Sets New 1-Year Low - Here's Why

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 397.20 ($5.15) and last traded at GBX 398.20 ($5.16), with a volume of 4241525 shares traded. The stock had previously closed at GBX 399.70 ($5.18).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 600 ($7.78) price objective on shares of B&M European Value Retail in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 587.67 ($7.62).

B&M European Value Retail Price Performance

The stock's 50-day moving average price is GBX 422.18 and its 200 day moving average price is GBX 467.10. The firm has a market capitalization of £3.96 billion, a price-to-earnings ratio of 1,099.17 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.50), for a total transaction of £36,472.48 ($47,299.29). 4.22% of the stock is currently owned by insiders.

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.