B&M European Value Retail S.A. (LON:BME) Insider Sells £63,109.34 in Stock

B&M European Value Retail S.A. (LON:BME) insider Mike Schmidt sold 17,878 shares of the company’s 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 value of £63,109.34 ($79,263.18).

B&M European Value Retail Price Performance

BME stock traded down GBX 5.50 ($0.07) during midday trading on Tuesday, reaching GBX 344.80 ($4.33). The company had a trading volume of 10,186,587 shares, compared to its average volume of 4,267,276. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. B&M European Value Retail S.A. has a 1 year low of GBX 324.80 ($4.08) and a 1 year high of GBX 618.20 ($7.76). The company has a market capitalization of £3.45 billion, a P/E ratio of 958.18 and a beta of 1.05. The firm has a 50-day moving average price of GBX 397.14 and a 200-day moving average price of GBX 447.71.

B&M European Value Retail Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BME. HSBC set a 640.00 target price on B&M European Value Retail and gave the company a “buy” rating in a report on Monday, November 18th. Panmure Gordon initiated coverage on B&M European Value Retail in a report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 target price for the company. The Goldman Sachs Group initiated coverage on B&M European Value Retail in a report on Friday. They set a “buy” rating and a 475.00 price objective for the company. Royal Bank of Canada assumed coverage on B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 500.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on B&M European Value Retail in a report on Monday, September 9th. They issued an “underweight” rating and a 469.00 price target for the company. Two research 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. According to MarketBeat.com, the company presently 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.