B&M European Value Retail (LON:BME) Reaches New 12-Month Low – Here’s What Happened

B&M European Value Retail S.A. (LON:BME)’s stock price hit a new 52-week low on Thursday . The company traded as low as GBX 307.70 ($3.76) and last traded at GBX 318.10 ($3.88), with a volume of 69436563 shares traded. The stock had previously closed at GBX 348.60 ($4.26).

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley set a 358.00 price objective on shares of B&M European Value Retail and gave the stock an “underweight” rating in a research report on Monday, November 18th. Barclays set a 570.00 price target on B&M European Value Retail and gave the company an “overweight” rating in a research report on Friday, October 18th. Panmure Gordon began coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 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 issued an “outperform” rating and a 500.00 target price on the stock. Finally, Redburn Atlantic set a 500.00 price target on B&M European Value Retail and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 561.22 ($6.85).

B&M European Value Retail Stock Performance

The stock’s 50-day moving average price is GBX 361.98 and its 200-day moving average price is GBX 410.42. The company has a market capitalization of £3.16 billion, a price-to-earnings ratio of 877.47 and a beta of 1.05. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32.

B&M European Value Retail Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of GBX 15 ($0.18) per share. This represents a yield of 4.75%. This is an increase from B&M European Value Retail’s previous dividend of $5.30. The ex-dividend date of this dividend is Thursday, January 16th. B&M European Value Retail’s payout ratio is presently 4,166.67%.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Oliver Tant purchased 12,500 shares of the stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of GBX 361 ($4.41) per share, for a total transaction of £45,125 ($55,097.68). Also, insider Mike Schmidt sold 17,878 shares of B&M European Value Retail stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.31), for a total value of £63,109.34 ($77,056.58). 4.22% of the stock is 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.