B&M European Value Retail (LON:BME) Share Price Passes Above 50 Day Moving Average of $528.85

B&M European Value Retail S.A. (LON:BME)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 528.85 ($6.64) and traded as high as GBX 534.40 ($6.71). B&M European Value Retail shares last traded at GBX 529.60 ($6.65), with a volume of 1,897,497 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BME shares. Jefferies Financial Group cut B&M European Value Retail to a “hold” rating and boosted their price objective for the stock from GBX 380 ($4.77) to GBX 525 ($6.60) in a report on Monday, April 22nd. Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 660 ($8.29) price objective on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 583.29 ($7.33).

B&M European Value Retail Price Performance

The company has a fifty day simple moving average of GBX 528.85 and a two-hundred day simple moving average of GBX 538.63. The stock has a market capitalization of £5.32 billion, a price-to-earnings ratio of 1,513.14 and a beta of 1.00. The company has a debt-to-equity ratio of 280.00, a quick ratio of 0.38 and a current ratio of 1.37.

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.