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

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 changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BME. Citigroup dropped their price objective 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 report on Friday, November 22nd. Canaccord Genuity Group decreased their target price on shares of B&M European Value Retail from GBX 600 ($7.80) to GBX 565 ($7.35) and set a “buy” rating for the company in a research report on Friday, November 22nd. The Goldman Sachs Group assumed coverage on shares of B&M European Value Retail in a research report on Friday, November 22nd. They set a “buy” rating and a 475.00 target price for the company. Canaccord Genuity Group decreased 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 for the company in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of B&M European Value Retail from GBX 349 ($4.54) to GBX 320 ($4.16) and set an “underweight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, B&M European Value Retail has an average rating of “Moderate Buy” and a consensus target price of GBX 541.94 ($7.05).

B&M European Value Retail Trading Up 0.1 %

The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The stock has a market capitalization of £2.77 billion, a PE ratio of 6.59 and a beta of 1.05. The stock’s 50 day simple moving average is GBX 300.74 and its two-hundred day simple moving average is GBX 359.85.

B&M European Value Retail Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 16th were paid a GBX 15 ($0.20) dividend. This represents a yield of 4.75%. This is a boost from B&M European Value Retail’s previous dividend of $5.30. The ex-dividend date was Thursday, January 16th. B&M European Value Retail’s payout ratio is presently 35.88%.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Oliver Tant bought 7,500 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of GBX 285 ($3.71) per share, for a total transaction of £21,375 ($27,788.61). Corporate 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.