B&M European Value Retail (LON:BME) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

B&M European Value Retail S.A. (LON:BME) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 421.54 ($5.29) and traded as low as GBX 356.50 ($4.47). B&M European Value Retail shares last traded at GBX 366.90 ($4.60), with a volume of 2,648,675 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group started coverage on shares of B&M European Value Retail in a research report on Friday, November 22nd. They set a “buy” rating and a 475.00 target price on the stock. Investec set a 495.00 target price on shares of B&M European Value Retail and gave the company a “hold” rating in a research report on Wednesday, October 30th. Redburn Atlantic set a 500.00 price objective on B&M European Value Retail and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Royal Bank of Canada assumed coverage on B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 500.00 target price on the stock. Finally, BNP Paribas started coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 660.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 561.22 ($7.04).

B&M European Value Retail Trading Up 2.2 %

The firm has a market cap of £3.67 billion, a price-to-earnings ratio of 1,019.17 and a beta of 1.05. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The business has a 50-day moving average of GBX 372.55 and a 200-day moving average of GBX 421.54.

B&M European Value Retail Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were paid a dividend of GBX 5.30 ($0.07) per share. This represents a dividend yield of 1.4%. The ex-dividend date was Thursday, November 21st. B&M European Value Retail’s dividend payout ratio is currently 4,166.67%.

Insider Activity

In other news, insider Mike Schmidt sold 17,878 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.43), for a total value of £63,109.34 ($79,153.82). Also, insider Oliver Tant bought 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of GBX 361 ($4.53) per share, for a total transaction of £45,125 ($56,597.27). 4.22% of the stock is currently owned by 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.