B&M European Value Retail (LON:BME) Shares Pass Below 200-Day Moving Average - What's Next?

B&M European Value Retail S.A. (LON:BME - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 475.81 ($6.21) and traded as low as GBX 405.40 ($5.29). B&M European Value Retail shares last traded at GBX 410.10 ($5.36), with a volume of 2,625,779 shares trading hands.

Analyst Ratings Changes

BME has been the topic of several research reports. JPMorgan Chase & Co. reissued an "underweight" rating on shares of B&M European Value Retail in a research report on Friday, June 28th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 600 ($7.83) price target 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 given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 587.67 ($7.67).

B&M European Value Retail Stock Down 0.7 %

The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. The stock has a market cap of £4.07 billion, a P/E ratio of 1,131.67 and a beta of 1.05. The company's 50 day moving average price is GBX 430.37 and its two-hundred day moving average price is GBX 474.90.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.54), for a total value of £36,472.48 ($47,626.64). 4.22% 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.