B&M European Value Retail SA (LON:BME – Get Free Report) reached a new 52-week low on Monday. The company traded as low as GBX 434.50 (USD 5.51) and most recently at GBX 444.60 (USD 5.64) with volume of 4856694 shares changing hands. The stock had previously closed at GBX 437.20 (USD 5.55).
Wall Street analysts comment
BME has been the subject of a number of research reports. Jefferies Financial Group downgraded shares of B&M European Value Retail to a “hold” rating and raised their price target for the stock from GBX380 ($4.82) to GBX525 ($6.66) in a research report on Monday, April 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of B&M European Value Retail in a research note on Friday. Shore Capital reiterated an “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX660 ($8.37) price target on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Two analysts have rated the stock with a “sell” rating, one has given a “hold” rating and three have given a “buy” rating to the stock. According to data from MarketBeat.com, B&M European Value Retail currently has a consensus rating of “Hold” and an average price target of GBX 573.17 (USD 7.27).
Read our latest stock analysis on BME
B&M European Value Retail Price Development
The company has a market capitalization of £4.45 billion, a price to earnings ratio of 1,249.14 and a beta of 1.01. The company’s 50-day moving average price is GBX 513.33 and its 200-day moving average price is GBX 527.17. The company has a current ratio of 1.37, a quick ratio of 0.38 and a debt-to-equity ratio of 280.00.
B&M European Value Retail cuts dividend
The company also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will receive a dividend of £9.60 ($0.12), equating to a yield of 1.76%. The ex-dividend date is Thursday, June 27th. B&M European Value Retail’s dividend payout ratio is currently 4,285.71%.
Insiders place their bets
In other B&M European Value Retail news, insider Hounaïda Lasry acquired 7,000 shares of the company on Thursday, June 6. The shares were purchased at an average price of GBP 500 (US$ 6.34) per share, for a total transaction of GBP 35,000 (US$ 44,399.34). 4.23% of the shares are currently owned by insiders.
B&M European Value Retail Company Profile
(Get free report)
B&M European Value Retail SA operates general stores and food stores. The company operates a chain of stores under the B&M, Heron Foods and B&M Express brands 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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