B&M European Value Retail (LON:BME) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

B&M European Value Retail S.A. (LON:BME) shares 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

A number of analysts recently commented on BME shares. Investec set a 495.00 price objective on shares of B&M European Value Retail and gave the stock a “hold” rating in a report on Wednesday, October 30th. Barclays set a 570.00 price objective on B&M European Value Retail and gave the company an “overweight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft set a 620.00 price target on B&M European Value Retail and gave the stock a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group initiated 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. Finally, Citigroup lowered their price target on shares of B&M European Value Retail from GBX 540 ($6.77) to GBX 510 ($6.39) and set a “buy” rating on the stock in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 561.22 ($7.04).

B&M European Value Retail Price Performance

The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The company’s 50-day moving average is GBX 372.55 and its 200-day moving average is GBX 421.54. The firm has a market capitalization of £3.67 billion, a price-to-earnings ratio of 1,019.17 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

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

Insider Transactions at B&M European Value Retail

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