B&M European Value Retail S.A. (LON:BME - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 344.91 ($4.41) and traded as low as GBX 273.50 ($3.49). B&M European Value Retail shares last traded at GBX 275.50 ($3.52), with a volume of 388,165,438 shares.
Analyst Ratings Changes
A number of research firms have commented on BME. Citigroup reaffirmed a "buy" rating and issued a GBX 456 ($5.83) target price on shares of B&M European Value Retail in a research report on Friday, March 28th. JPMorgan Chase & Co. decreased their price objective on shares of B&M European Value Retail from GBX 349 ($4.46) to GBX 320 ($4.09) and set an "underweight" rating on the stock in a report on Monday, January 13th. Finally, Canaccord Genuity Group dropped their target price on shares of B&M European Value Retail from GBX 545 ($6.96) to GBX 490 ($6.26) and set a "buy" rating for the company in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 538.76 ($6.88).
Check Out Our Latest Report on BME
B&M European Value Retail Stock Performance
The stock has a 50-day moving average price of GBX 283.37 and a 200 day moving average price of GBX 339.94. 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 firm has a market capitalization of £2.87 billion, a price-to-earnings ratio of 6.81 and a beta of 1.05.
B&M European Value Retail Increases Dividend
The company also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 16th were issued 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 other B&M European Value Retail news, insider Oliver Tant acquired 7,500 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of GBX 285 ($3.64) per share, for a total transaction of £21,375 ($27,312.80). Company insiders own 4.22% of the company's stock.
About B&M European Value Retail
(
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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.
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