B&M European Value Retail (LON:BME) Sets New 52-Week Low Following Analyst Downgrade

B&M European Value Retail S.A. (LON:BME)’s share price hit a new 52-week low during mid-day trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from GBX 545 to GBX 490. Canaccord Genuity Group currently has a buy rating on the stock. B&M European Value Retail traded as low as GBX 254.60 ($3.21) and last traded at GBX 284.97 ($3.59), with a volume of 14598252 shares. The stock had previously closed at GBX 290.90 ($3.67).

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of B&M European Value Retail from GBX 349 ($4.40) to GBX 320 ($4.03) and set an “underweight” rating for the company in a report on Monday, January 13th. BNP Paribas initiated coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 660.00 price objective for the company. HSBC set a 640.00 target price on shares of B&M European Value Retail and gave the company a “buy” rating in a report on Monday, November 18th. Royal Bank of Canada started coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 500.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of B&M European Value Retail in a research report on Friday, November 22nd. They issued a “buy” rating and a 475.00 price target for the company. Two 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’s stock. According to MarketBeat.com, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average price target of GBX 546.83 ($6.89).

Insider Buying and Selling

In other news, insider Oliver Tant bought 7,500 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of GBX 285 ($3.59) per share, with a total value of £21,375 ($26,941.01). 4.22% of the stock is owned by company insiders.

B&M European Value Retail Stock Performance

The firm’s 50-day moving average price is GBX 326.85 and its two-hundred day moving average price is GBX 377.02. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The stock has a market cap of £2.83 billion, a price-to-earnings ratio of 6.72 and a beta of 1.05.

B&M European Value Retail Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were given a dividend of GBX 15 ($0.19) per share. This is a boost from B&M European Value Retail’s previous dividend of $5.30. The ex-dividend date of this dividend was Thursday, January 16th. This represents a dividend yield of 4.75%. B&M European Value Retail’s payout ratio is presently 35.88%.

B&M European Value Retail Company Profile

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.