B&M European Value Retail (LON:BME) Stock Price Up 12.7% – Time to Buy?

B&M European Value Retail S.A. (LON:BME) rose 12.7% on Wednesday . The company traded as high as GBX 211.40 and last traded at GBX 210.40. 811,351,563 shares changed hands during mid-day trading, an increase of 1,640% from the average daily volume of 46,642,242 shares. The stock had previously closed at GBX 186.70.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BME. Shore Capital Group cut B&M European Value Retail to a “hold” rating and set a GBX 215 price target on the stock. in a report on Tuesday, June 16th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 165 price objective on shares of B&M European Value Retail in a research report on Thursday, June 4th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, B&M European Value Retail presently has an average rating of “Hold” and a consensus price target of GBX 204.38.

B&M European Value Retail Price Performance

The company has a debt-to-equity ratio of 306.52, a quick ratio of 0.38 and a current ratio of 1.42. The firm has a fifty day simple moving average of GBX 178.06 and a two-hundred day simple moving average of GBX 174.68. The firm has a market cap of £2.11 billion, a PE ratio of 12.91 and a beta of 1.09.

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

Insider Buying and Selling

In other B&M European Value Retail news, insider Peter Pritchard acquired 53,016 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of GBX 192 per share, with a total value of £101,790.72. 22.79% 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.