B&M European Value Retail (LON:BME) Stock Passes Above 50-Day Moving Average – Time to Sell?

B&M European Value Retail S.A. (LON:BME) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 176.62 and traded as high as GBX 199.10. B&M European Value Retail shares last traded at GBX 197.80, with a volume of 9,778,899 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 165 price objective on shares of B&M European Value Retail in a report on Thursday, June 4th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, B&M European Value Retail currently has an average rating of “Moderate Buy” and a consensus price target of GBX 206.25.

B&M European Value Retail Stock Performance

The company has a market capitalization of £1.99 billion, a PE ratio of 12.13 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 0.38 and a debt-to-equity ratio of 306.52. The stock has a fifty day moving average of GBX 176.62 and a two-hundred day moving average of GBX 173.36.

B&M European Value Retail (LON:BME) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 16.30 earnings per share for the quarter. The company had revenue of GBX 577.50 billion for the quarter. B&M European Value Retail had a return on equity of 21.74% and a net margin of 2.84%. As a group, sell-side analysts anticipate that B&M European Value Retail S.A. will post 38.4814815 earnings per share for the current fiscal year.

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.