B&M European Value Retail (LON:BME) Stock Crosses Below 200 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 Friday . The stock has a two hundred day moving average of GBX 344.91 ($4.45) and traded as low as GBX 273.50 ($3.53). B&M European Value Retail shares last traded at GBX 275.50 ($3.55), with a volume of 388,165,438 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BME. Canaccord Genuity Group dropped their price objective on shares of B&M European Value Retail from GBX 545 ($7.03) to GBX 490 ($6.32) and set a “buy” rating for the company in a report on Tuesday, February 25th. Citigroup restated a “buy” rating and issued a GBX 456 ($5.88) price target on shares of B&M European Value Retail in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. reduced their price objective on B&M European Value Retail from GBX 349 ($4.50) to GBX 320 ($4.13) and set an “underweight” rating on the stock in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 538.76 ($6.95).

B&M European Value Retail Stock Down 2.9 %

The stock has a market cap of £2.77 billion, a PE ratio of 6.59 and a beta of 1.05. The business has a 50 day moving average of GBX 287.56 and a 200-day moving average of GBX 344.37. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

B&M European Value Retail Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, January 16th. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. This represents a dividend yield of 4.75%. B&M European Value Retail’s dividend payout ratio (DPR) is 35.88%.

Insider Activity at B&M European Value Retail

In related news, insider Oliver Tant purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of GBX 285 ($3.68) per share, with a total value of £21,375 ($27,562.86). 4.22% of the stock is owned by insiders.

B&M European Value Retail Company Profile

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.