B&M European Value Retail (LON:BME) Stock Price Down 6.5% – Time to Sell?

B&M European Value Retail S.A. (LON:BME) traded down 6.5% on Monday . The stock traded as low as GBX 271.70 ($3.44) and last traded at GBX 272.10 ($3.45). 34,613,098 shares were traded during trading, an increase of 88% from the average session volume of 18,428,600 shares. The stock had previously closed at GBX 290.90 ($3.69).

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BME shares. Royal Bank of Canada initiated coverage on B&M European Value Retail in a research report on Monday, November 18th. They issued an “outperform” rating and a 500.00 price target for the company. Deutsche Bank Aktiengesellschaft set a 620.00 target price on shares of B&M European Value Retail and gave the company a “buy” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group dropped their price target on shares of B&M European Value Retail from GBX 545 ($6.91) to GBX 490 ($6.21) and set a “buy” rating for the company in a research note on Tuesday. Canaccord Genuity Group cut their price target on shares of B&M European Value Retail from GBX 600 ($7.60) to GBX 565 ($7.16) and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, BNP Paribas initiated coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 660.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 546.83 ($6.93).

B&M European Value Retail Stock Up 1.4 %

The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The firm has a 50 day simple moving average of GBX 328.27 and a two-hundred day simple moving average of GBX 378.18. The company has a market capitalization of £2.89 billion, a PE ratio of 6.87 and a beta of 1.05.

B&M European Value Retail Increases Dividend

The business also recently declared 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. This represents a dividend 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 was Thursday, January 16th. B&M European Value Retail’s dividend payout ratio (DPR) is presently 35.88%.

Insider Activity

In other news, insider Oliver Tant purchased 12,500 shares of the stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of GBX 361 ($4.58) per share, for a total transaction of £45,125 ($57,192.65). 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.