B&M European Value Retail (LON:BME) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 359.85 ($4.67) and traded as low as GBX 272.80 ($3.54). B&M European Value Retail shares last traded at GBX 275.50 ($3.57), with a volume of 250,032,250 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BME. Citigroup reduced their price objective on B&M European Value Retail from GBX 540 ($7.00) to GBX 510 ($6.61) and set a “buy” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut their target price on B&M European Value Retail from GBX 349 ($4.53) to GBX 320 ($4.15) and set an “underweight” rating on the stock in a research report on Monday, January 13th. Canaccord Genuity Group cut their target price on B&M European Value Retail from GBX 600 ($7.78) to GBX 565 ($7.33) and set a “buy” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group initiated coverage on B&M European Value Retail in a research report on Friday, November 22nd. They set a “buy” rating and a 475.00 target price on the stock. Finally, Canaccord Genuity Group cut their target price on B&M European Value Retail from GBX 545 ($7.07) to GBX 490 ($6.35) and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 541.94 ($7.03).

B&M European Value Retail Stock Up 1.6 %

The business’s fifty day moving average price is GBX 298.28 and its two-hundred day moving average price is GBX 357.47. 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 firm has a market capitalization of £2.76 billion, a P/E ratio of 6.54 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. Shareholders of record on Thursday, January 16th were issued a GBX 15 ($0.19) dividend. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. This represents a yield of 4.75%. The ex-dividend date was Thursday, January 16th. B&M European Value Retail’s payout ratio is currently 35.88%.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Oliver Tant purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of GBX 285 ($3.70) per share, with a total value of £21,375 ($27,716.55). 4.22% of the stock is currently owned by company 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.