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

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 359.85 ($4.65) and traded as low as GBX 272.80 ($3.53). B&M European Value Retail shares last traded at GBX 275.50 ($3.56), with a volume of 250,032,250 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BME. Canaccord Genuity Group reduced their price objective on B&M European Value Retail from GBX 545 ($7.04) to GBX 490 ($6.33) and set a "buy" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of B&M European Value Retail from GBX 349 ($4.51) to GBX 320 ($4.13) and set an "underweight" rating on the stock in a research note on Monday, January 13th. Two research 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, B&M European Value Retail currently has a consensus rating of "Moderate Buy" and an average price target of GBX 541.94 ($7.00).

B&M European Value Retail Trading Down 0.6 %

The business's 50-day simple moving average is GBX 297.24 and its two-hundred day simple moving average is GBX 355.04. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The company has a market capitalization of £2.64 billion, a PE ratio of 6.28 and a beta of 1.05.

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B&M European Value Retail Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, January 16th. This is an increase from B&M European Value Retail's previous dividend of $5.30. This represents a yield of 4.75%. B&M European Value Retail's payout ratio is currently 35.88%.

Insider Activity

In related news, insider Oliver Tant bought 7,500 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of GBX 285 ($3.68) per share, with a total value of £21,375 ($27,619.85). 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.