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

B&M European Value Retail S.A. (LON:BME - Get Free Report)'s share 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 ($3.52). B&M European Value Retail shares last traded at GBX 275.50 ($3.56), with a volume of 250,032,250 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BME shares. Canaccord Genuity Group cut their price target on shares of B&M European Value Retail from GBX 600 ($7.75) to GBX 565 ($7.30) and set a "buy" rating on the stock in a report on Friday, November 22nd. Canaccord Genuity Group cut their price target on shares of 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 report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target 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 report on Monday, January 13th. Citigroup cut their price target on shares of B&M European Value Retail from GBX 540 ($6.97) to GBX 510 ($6.58) and set a "buy" rating on the stock in a report on Friday, November 22nd. Finally, The Goldman Sachs Group assumed coverage on shares of B&M European Value Retail in a report on Friday, November 22nd. They issued a "buy" rating and a 475.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 541.94 ($7.00).

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B&M European Value Retail Stock Performance

The firm has a fifty day simple moving average of GBX 297.24 and a 200 day simple moving average of GBX 356.27. 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 stock has a market cap of £2.66 billion, a price-to-earnings ratio of 6.32 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 GBX 15 ($0.19) dividend. This is a boost from B&M European Value Retail's previous dividend of $5.30. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 4.75%. B&M European Value Retail's dividend payout ratio is 35.88%.

Insider Transactions at B&M European Value Retail

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 acquired at an average cost of GBX 285 ($3.68) per share, with a total value of £21,375 ($27,598.45). 4.22% of the stock is currently owned by 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.