B&M European Value Retail (LON:BME) Stock Price Passes Below 200 Day Moving Average – Here’s Why

B&M European Value Retail S.A. (LON:BME)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 428.33 ($5.43) and traded as low as GBX 361.50 ($4.59). B&M European Value Retail shares last traded at GBX 363.30 ($4.61), with a volume of 2,037,953 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on BME shares. Investec set a 495.00 price target on B&M European Value Retail and gave the stock a “hold” rating in a research note on Wednesday, October 30th. BNP Paribas began coverage on B&M European Value Retail in a research report on Monday, November 18th. They issued an “outperform” rating and a 660.00 target price on the stock. Citigroup decreased their price target on shares of B&M European Value Retail from GBX 540 ($6.85) to GBX 510 ($6.47) and set a “buy” rating for the company in a research report on Friday, November 22nd. Morgan Stanley set a 358.00 price target on shares of B&M European Value Retail and gave the company an “underweight” rating in a report on Monday, November 18th. Finally, HSBC set a 640.00 price objective on shares of B&M European Value Retail and gave the stock a “buy” rating in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 561.22 ($7.12).

B&M European Value Retail Stock Performance

The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The stock has a 50 day moving average of GBX 378.41 and a 200 day moving average of GBX 428.33. The stock has a market capitalization of £3.61 billion, a P/E ratio of 1,009.17 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 13th. Stockholders 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 at B&M European Value Retail

In other news, insider Mike Schmidt sold 17,878 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.48), for a total transaction of £63,109.34 ($80,067.67). Also, insider Oliver Tant acquired 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of GBX 361 ($4.58) per share, for a total transaction of £45,125 ($57,250.70). 4.22% of the stock is currently 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.