B&M European Value Retail (LON:BME) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

B&M European Value Retail S.A. (LON:BME - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 352.56 ($4.56) and traded as low as GBX 258.90 ($3.35). B&M European Value Retail shares last traded at GBX 260.40 ($3.37), with a volume of 272,040,969 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BME shares. Canaccord Genuity Group dropped their price objective on B&M European Value Retail from GBX 545 ($7.05) to GBX 490 ($6.34) and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Citigroup reiterated a "buy" rating and issued a GBX 456 ($5.90) price target on shares of B&M European Value Retail in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of B&M European Value Retail from GBX 349 ($4.51) to GBX 320 ($4.14) and set an "underweight" rating for the company in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 538.76 ($6.97).

B&M European Value Retail Trading Up 2.5 %

The firm has a market cap of £2.70 billion, a price-to-earnings ratio of 6.40 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. The company has a 50-day moving average price of GBX 291.91 and a 200 day moving average price of GBX 348.92.

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B&M European Value Retail Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 15 ($0.19) per share. This represents a yield of 4.75%. The ex-dividend date of this dividend was Thursday, January 16th. This is a boost from B&M European Value Retail's previous dividend of $5.30. B&M European Value Retail's payout ratio is 35.88%.

Insider Activity

In related news, insider Oliver Tant purchased 7,500 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of GBX 285 ($3.69) per share, for a total transaction of £21,375 ($27,637.70). 4.22% of the stock is owned by corporate insiders.

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.