B&M European Value Retail (LON:BME) Hits New 52-Week Low - Here's Why

B&M European Value Retail S.A. (LON:BME - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 307.70 ($3.79) and last traded at GBX 318.10 ($3.91), with a volume of 69436563 shares traded. The stock had previously closed at GBX 348.60 ($4.29).

Analyst Ratings Changes

Several analysts recently commented on BME shares. Deutsche Bank Aktiengesellschaft set a 620.00 price target on B&M European Value Retail and gave the company a "buy" rating in a research note on Wednesday, October 30th. Canaccord Genuity Group reduced their target price on shares of B&M European Value Retail from GBX 600 ($7.38) to GBX 565 ($6.95) and set a "buy" rating on the stock in a research note on Friday, November 22nd. Citigroup dropped their target price on shares of B&M European Value Retail from GBX 540 ($6.64) to GBX 510 ($6.28) and set a "buy" rating for the company in a research report on Friday, November 22nd. Panmure Gordon started coverage on shares of B&M European Value Retail in a research report on Wednesday, October 2nd. They issued a "buy" rating and a 685.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on shares of B&M European Value Retail in a report on Friday, November 22nd. They set a "buy" rating and a 475.00 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 561.22 ($6.91).

B&M European Value Retail Stock Down 8.9 %

The firm's 50 day moving average price is GBX 363.38 and its 200-day moving average price is GBX 411.49. The company has a market cap of £3.18 billion, a P/E ratio of 882.50 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86.

B&M European Value Retail Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were given a dividend of GBX 5.30 ($0.07) per share. This represents a dividend yield of 1.4%. The ex-dividend date was Thursday, November 21st. B&M European Value Retail's payout ratio is 4,166.67%.

Insider Transactions at B&M European Value Retail

In other news, insider Oliver Tant acquired 12,500 shares of B&M European Value Retail stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of GBX 361 ($4.44) per share, with a total value of £45,125 ($55,524.79). Also, insider Mike Schmidt sold 17,878 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.34), for a total transaction of £63,109.34 ($77,653.92). 4.22% of the stock is owned by corporate 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.