B&M European Value Retail (LON:BME) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of B&M European Value Retail S.A. (LON:BME) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 421.54 ($5.28) and traded as low as GBX 356.50 ($4.47). B&M European Value Retail shares last traded at GBX 366.90 ($4.60), with a volume of 2,648,675 shares trading hands.

Analyst Upgrades and Downgrades

BME has been the topic of several analyst reports. Canaccord Genuity Group dropped their price target on shares of B&M European Value Retail from GBX 600 ($7.52) to GBX 565 ($7.08) and set a “buy” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. assumed coverage on B&M European Value Retail in a research note on Monday, September 9th. They issued an “underweight” rating and a 469.00 price target on the stock. Royal Bank of Canada initiated coverage on B&M European Value Retail in a research note on Monday, November 18th. They set an “outperform” rating and a 500.00 price objective for the company. HSBC set a 640.00 target price on B&M European Value Retail and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Investec set a 495.00 price target on shares of B&M European Value Retail and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 561.22 ($7.04).

B&M European Value Retail Trading Up 2.2 %

The firm has a market cap of £3.67 billion, a P/E ratio of 1,019.17 and a beta of 1.05. The business’s 50-day moving average is GBX 372.55 and its two-hundred day moving average is GBX 421.54. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86.

B&M European Value Retail Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were issued a dividend of GBX 5.30 ($0.07) per share. This represents a dividend yield of 1.4%. The ex-dividend date was Thursday, November 21st. B&M European Value Retail’s dividend payout ratio (DPR) is presently 4,166.67%.

Insider Buying and Selling

In other B&M European Value Retail news, insider Oliver Tant purchased 12,500 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of GBX 361 ($4.53) per share, with a total value of £45,125 ($56,568.89). Also, insider Mike Schmidt sold 17,878 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.43), for a total value of £63,109.34 ($79,114.13). Company 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.