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

B&M European Value Retail S.A. (LON:BME) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 421.54 ($5.29) 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BME shares. JPMorgan Chase & Co. began coverage on B&M European Value Retail in a research note on Monday, September 9th. They issued an “underweight” rating and a 469.00 price target for the company. Royal Bank of Canada initiated coverage on shares of B&M European Value Retail in a research report on Monday, November 18th. They set an “outperform” rating and a 500.00 target price for the company. BNP Paribas began coverage on shares of B&M European Value Retail in a research report on Monday, November 18th. They issued an “outperform” rating and a 660.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Redburn Atlantic set a 500.00 target price on shares of B&M European Value Retail and gave the company a “neutral” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($7.04).

B&M European Value Retail Price Performance

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

B&M European Value Retail Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were given 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 currently 4,166.67%.

Insider Activity

In other news, insider Oliver Tant purchased 12,500 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of GBX 361 ($4.53) per share, for a total transaction of £45,125 ($56,597.27). Also, insider Mike Schmidt sold 17,878 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.43), for a total value of £63,109.34 ($79,153.82). 4.22% of the stock is currently owned by corporate 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.