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 share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of 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 report on Monday, January 13th. Canaccord Genuity Group dropped their price target on shares of 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. Citigroup lowered their price objective on shares of B&M European Value Retail from GBX 540 ($7.00) to GBX 510 ($6.61) and set a “buy” rating for the company in a research note on Friday, November 22nd. Canaccord Genuity Group lowered their price objective on shares of B&M European Value Retail from GBX 600 ($7.78) to GBX 565 ($7.33) and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group began coverage on shares of B&M European Value Retail in a research note on Friday, November 22nd. They set a “buy” rating and a 475.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 541.94 ($7.03).

B&M European Value Retail Trading Up 1.6 %

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 capitalization of £2.76 billion, a PE ratio of 6.54 and a beta of 1.05. The stock has a 50-day moving average price of GBX 298.28 and a two-hundred day moving average price of GBX 357.47.

B&M European Value Retail Increases Dividend

The business also recently disclosed 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. This represents a dividend yield of 4.75%. The ex-dividend date was Thursday, January 16th. B&M European Value Retail’s payout ratio is presently 35.88%.

Insider Activity

In other B&M European Value Retail news, insider Oliver Tant purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of GBX 285 ($3.70) per share, with a total value of £21,375 ($27,716.55). 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.