B&M European Value Retail (LON:BME) Reaches New 52-Week Low – Here’s What Happened

B&M European Value Retail S.A. (LON:BME) shares reached 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 changing hands. The stock had previously closed at GBX 383.20 ($4.93).

Wall Street Analyst Weigh In

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

B&M European Value Retail Trading Down 1.0 %

The stock has a 50-day moving average of GBX 411.30 and a 200 day moving average of GBX 458.80. 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 £3.80 billion, a PE ratio of 1,064.44 and a beta of 1.05.

Insider Activity

In related news, insider Alex Russo sold 8,602 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.46), for a total transaction of £36,472.48 ($46,934.09). Insiders own 4.22% of the company’s stock.

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.