B&M European Value Retail (LON:BME) Shares Cross Below Two Hundred Day Moving Average - What's Next?

B&M European Value Retail S.A. (LON:BME - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 421.54 ($5.29) and traded as low as GBX 356.50 ($4.47). B&M European Value Retail shares last traded at GBX 366.90 ($4.60), with a volume of 2,648,675 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BME shares. Citigroup dropped their price target on shares of B&M European Value Retail from GBX 540 ($6.77) to GBX 510 ($6.40) and set a "buy" rating for the company in a research report on Friday, November 22nd. Barclays set a 570.00 target price on shares of B&M European Value Retail and gave the stock an "overweight" rating in a report on Friday, October 18th. JPMorgan Chase & Co. began coverage on B&M European Value Retail in a report on Monday, September 9th. They set an "underweight" rating and a 469.00 price target on the stock. HSBC set a 640.00 price objective on B&M European Value Retail and gave the stock a "buy" rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group began coverage on B&M European Value Retail in a research report on Friday, November 22nd. They issued a "buy" rating and a 475.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 561.22 ($7.04).

B&M European Value Retail Price Performance

The firm's fifty day simple moving average is GBX 372.55 and its 200-day simple moving average is GBX 421.54. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. The firm has a market capitalization of £3.67 billion, a PE ratio of 1,019.17 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

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

Insider Buying and Selling at B&M European Value Retail

In other news, insider Mike Schmidt sold 17,878 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.43), for a total transaction of £63,109.34 ($79,153.82). Also, insider Oliver Tant acquired 12,500 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of GBX 361 ($4.53) per share, for a total transaction of £45,125 ($56,597.27). Company insiders own 4.22% of the company's stock.

About B&M European Value Retail

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.