B&M European Value Retail (LON:BME) Reaches New 52-Week Low – Here’s Why

B&M European Value Retail S.A. (LON:BME) shares reached a new 52-week low during trading on Thursday . The company traded as low as GBX 307.70 ($3.76) and last traded at GBX 318.10 ($3.88), with a volume of 69436563 shares changing hands. The stock had previously closed at GBX 348.60 ($4.26).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BME shares. Panmure Gordon assumed coverage on B&M European Value Retail in a research note on Wednesday, October 2nd. They set a “buy” rating and a 685.00 target price for the company. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a report on Wednesday, October 30th. HSBC set a 640.00 target price on shares of B&M European Value Retail and gave the stock a “buy” rating in a research note on Monday, November 18th. Investec set a 495.00 price target on shares of B&M European Value Retail and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Barclays set a 570.00 price objective on shares of B&M European Value Retail and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two 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 data from MarketBeat.com, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average price target of GBX 561.22 ($6.85).

B&M European Value Retail Trading Down 0.9 %

The stock has a market cap of £3.16 billion, a price-to-earnings ratio of 877.47 and a beta of 1.05. The business’s 50 day moving average is GBX 361.98 and its 200 day moving average is GBX 410.42. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

B&M European Value Retail Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 15 ($0.18) per share. This is a boost from B&M European Value Retail’s previous dividend of $5.30. This represents a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, January 16th. B&M European Value Retail’s dividend payout ratio is currently 4,166.67%.

Insider Activity

In other B&M European Value Retail news, insider Mike Schmidt sold 17,878 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.31), for a total transaction of £63,109.34 ($77,056.58). Also, insider Oliver Tant bought 12,500 shares of B&M European Value Retail stock in a transaction dated Friday, December 6th. The stock was purchased at an average cost of GBX 361 ($4.41) per share, with a total value of £45,125 ($55,097.68). Company insiders own 4.22% of the company’s stock.

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.