B&M European Value Retail (LON:BME) Sets New 12-Month Low at $403.40

B&M European Value Retail S.A. (LON:BME) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 403.40 ($5.33) and last traded at GBX 404.40 ($5.34), with a volume of 111758609 shares changing hands. The stock had previously closed at GBX 420.90 ($5.56).

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BME. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of B&M European Value Retail in a research note on Friday, June 28th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 600 ($7.93) price objective on shares of B&M European Value Retail in a research 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 company. According to data from MarketBeat.com, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 587.67 ($7.76).

B&M European Value Retail Stock Down 4.0 %

The firm has a 50-day simple moving average of GBX 446.46 and a 200 day simple moving average of GBX 490.09. The company has a market capitalization of £4.04 billion, a PE ratio of 1,141.01 and a beta of 1.05. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

Insider Activity at B&M European Value Retail

In other news, insider Alex Russo sold 8,602 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.60), for a total transaction of £36,472.48 ($48,180.29). Company 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.