B&M European Value Retail S.A. (LON:BME) Insider Mike Schmidt Sells 17,878 Shares

B&M European Value Retail S.A. (LON:BME) insider Mike Schmidt sold 17,878 shares of B&M European Value Retail stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.44), for a total value of £63,109.34 ($79,332.92).

B&M European Value Retail Price Performance

BME stock opened at GBX 344.70 ($4.33) on Wednesday. B&M European Value Retail S.A. has a 52 week low of GBX 324.80 ($4.08) and a 52 week high of GBX 618.20 ($7.77). The firm has a market capitalization of £3.45 billion, a P/E ratio of 957.78 and a beta of 1.05. The company has a fifty day simple moving average of GBX 397.14 and a two-hundred day simple moving average of GBX 447.71. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86.

B&M European Value Retail Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be given a GBX 5.30 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.4%. B&M European Value Retail’s dividend payout ratio is currently 4,166.67%.

Analyst Upgrades and Downgrades

BME has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of B&M European Value Retail in a report on Friday, November 22nd. They set a “buy” rating and a 475.00 price target on the stock. Barclays set a 570.00 price objective on shares of B&M European Value Retail and gave the company an “overweight” rating in a research report on Friday, October 18th. Morgan Stanley set a 358.00 target price on shares of B&M European Value Retail and gave the stock an “underweight” rating in a report on Monday, November 18th. Citigroup cut their price target on B&M European Value Retail from GBX 540 ($6.79) to GBX 510 ($6.41) and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Panmure Gordon started coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, B&M European Value Retail has a consensus rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($7.05).

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.