B&M European Value Retail (LON:BME) Stock Crosses Below 200 Day Moving Average – What’s Next?

B&M European Value Retail S.A. (LON:BME) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 344.91 ($4.45) and traded as low as GBX 273.50 ($3.53). B&M European Value Retail shares last traded at GBX 275.50 ($3.55), with a volume of 388,165,438 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BME shares. Canaccord Genuity Group reduced their price objective on shares of B&M European Value Retail from GBX 545 ($7.03) to GBX 490 ($6.32) and set a “buy” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on B&M European Value Retail from GBX 349 ($4.50) to GBX 320 ($4.13) and set an “underweight” rating on the stock in a research note on Monday, January 13th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 456 ($5.88) price target on shares of B&M European Value Retail in a report on Friday, March 28th. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 538.76 ($6.95).

B&M European Value Retail Trading Down 2.9 %

The stock has a market cap of £2.77 billion, a price-to-earnings ratio of 6.59 and a beta of 1.05. The business has a fifty day simple moving average of GBX 287.56 and a 200 day simple moving average of GBX 344.37. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06.

B&M European Value Retail Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were paid a GBX 15 ($0.19) dividend. This is an increase 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 payout ratio is presently 35.88%.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Oliver Tant purchased 7,500 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of GBX 285 ($3.68) per share, for a total transaction of £21,375 ($27,562.86). 4.22% of the stock is owned by corporate insiders.

B&M European Value Retail Company Profile

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.