B&M European Value Retail (LON:BME) Stock Passes Below 200-Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 415.40 ($5.14) and traded as low as GBX 359 ($4.44). B&M European Value Retail shares last traded at GBX 367 ($4.54), with a volume of 1,024,757 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BME. Barclays set a 570.00 price objective on shares of B&M European Value Retail and gave the stock an “overweight” rating in a research report on Friday, October 18th. Citigroup cut their price objective on shares of B&M European Value Retail from GBX 540 ($6.68) to GBX 510 ($6.31) and set a “buy” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada started coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They issued an “outperform” rating and a 500.00 price target for the company. Canaccord Genuity Group reduced their price objective on B&M European Value Retail from GBX 600 ($7.43) to GBX 565 ($6.99) and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Investec set a 495.00 price objective on B&M European Value Retail and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 561.22 ($6.95).

B&M European Value Retail Stock Up 0.9 %

The business’s 50 day simple moving average is GBX 366.58 and its 200-day simple moving average is GBX 414.48. 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 company has a market cap of £3.60 billion, a price-to-earnings ratio of 999.72 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were issued a GBX 5.30 ($0.07) dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 21st. B&M European Value Retail’s dividend payout ratio (DPR) is presently 4,166.67%.

Insider Buying and Selling

In related 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 ($4.37), for a total value of £63,109.34 ($78,115.29). Also, insider Oliver Tant bought 12,500 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of GBX 361 ($4.47) per share, with a total value of £45,125 ($55,854.68). Company insiders own 4.22% of the company’s stock.

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.