B&M European Value Retail (LON:BME) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of B&M European Value Retail S.A. (LON:BME) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 359.85 ($4.68) and traded as low as GBX 272.80 ($3.55). B&M European Value Retail shares last traded at GBX 275.50 ($3.58), with a volume of 250,032,250 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on BME shares. Canaccord Genuity Group dropped their price target on shares of B&M European Value Retail from GBX 600 ($7.80) to GBX 565 ($7.35) and set a “buy” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. dropped their price target on shares of B&M European Value Retail from GBX 349 ($4.54) to GBX 320 ($4.16) and set an “underweight” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group started coverage on shares of B&M European Value Retail in a research note on Friday, November 22nd. They set a “buy” rating and a 475.00 price target on the stock. Citigroup dropped their price target on shares of B&M European Value Retail from GBX 540 ($7.02) to GBX 510 ($6.63) and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group lowered their target price on shares of B&M European Value Retail from GBX 545 ($7.09) to GBX 490 ($6.37) and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 541.94 ($7.05).

B&M European Value Retail Stock Up 0.1 %

The stock’s fifty day moving average price is GBX 300.74 and its 200 day moving average price is GBX 359.85. The stock has a market cap of £2.77 billion, a P/E ratio of 6.59 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

B&M European Value Retail Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were issued a dividend of GBX 15 ($0.20) per share. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 4.75%. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. B&M European Value Retail’s dividend payout ratio (DPR) is currently 35.88%.

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Oliver Tant bought 7,500 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of GBX 285 ($3.71) per share, with a total value of £21,375 ($27,788.61). 4.22% of the stock is owned by insiders.

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.