B&M European Value Retail (LON:BME) Shares Down 6.5% - What's Next?

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup cut their price target on B&M European Value Retail from GBX 540 ($6.85) to GBX 510 ($6.47) and set a "buy" rating for the company in a research note on Friday, November 22nd. Royal Bank of Canada assumed coverage on B&M European Value Retail in a research report on Monday, November 18th. They set an "outperform" rating and a 500.00 target price for the company. The Goldman Sachs Group initiated 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 target on the stock. Investec set a 495.00 price objective on shares of B&M European Value Retail and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group decreased their target price on shares of B&M European Value Retail from GBX 600 ($7.61) to GBX 565 ($7.17) and set a "buy" rating on the stock in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, B&M European Value Retail currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 546.83 ($6.94).

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B&M European Value Retail Trading Down 1.7 %

The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The firm has a market cap of £2.83 billion, a price-to-earnings ratio of 6.72 and a beta of 1.05. The business has a fifty day simple moving average of GBX 326.85 and a 200-day simple moving average of GBX 377.02.

B&M European Value Retail Increases Dividend

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

Insiders Place Their Bets

In related news, insider Oliver Tant purchased 7,500 shares of B&M European Value Retail stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of GBX 285 ($3.61) per share, for a total transaction of £21,375 ($27,108.43). 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.