B&M European Value Retail S.A. (LON:BME)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 539.11 ($7.04) and traded as high as GBX 561.40 ($7.33). B&M European Value Retail shares last traded at GBX 558.60 ($7.30), with a volume of 2,243,065 shares changing hands.
Several analysts have recently weighed in on BME shares. Shore Capital restated an “under review” rating on shares of B&M European Value Retail in a research note on Thursday, January 7th. Bank of America restated a “buy” rating and set a GBX 560 ($7.32) target price on shares of B&M European Value Retail in a research note on Thursday, March 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 492 ($6.43).
The firm has a market capitalization of £5.59 billion and a price-to-earnings ratio of 21.24. The stock has a 50 day moving average of GBX 539.11 and a 200 day moving average of GBX 521.10. The company has a quick ratio of 0.63, a current ratio of 1.53 and a debt-to-equity ratio of 207.91.
B&M European Value Retail SA operates general merchandise and grocery stores. As of March 28, 2020, it operated 656 stores in the United Kingdom under the B&M brand; 293 stores under the Heron Foods and B&M Express brands; and 101 stores in France under the Babou and B&M brand. It also provides property development, employment, and administrative services.
See Also: Systematic Risk
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