B&M European Value Retail (LON:BME) Shares Down 6.5% – Here’s Why

Shares of B&M European Value Retail S.A. (LON:BME) fell 6.5% during trading on Monday . The stock traded as low as GBX 271.70 ($3.44) and last traded at GBX 272.10 ($3.44). 34,613,098 shares traded hands during trading, an increase of 88% from the average session volume of 18,428,600 shares. The stock had previously closed at GBX 290.90 ($3.68).

Analyst Ratings Changes

Several research firms recently commented on BME. Morgan Stanley set a 358.00 target price on shares of B&M European Value Retail and gave the company an “underweight” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft set a 620.00 price target on shares of B&M European Value Retail and gave the stock a “buy” rating in a report on Wednesday, October 30th. BNP Paribas started coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They issued an “outperform” rating and a 660.00 price target on the stock. Canaccord Genuity Group cut their price target on shares of B&M European Value Retail from GBX 600 ($7.59) to GBX 565 ($7.15) and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, The Goldman Sachs Group started 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 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 552.94 ($7.00).

B&M European Value Retail Price Performance

The firm has a fifty day moving average price of GBX 331.29 and a two-hundred day moving average price of GBX 379.48. The stock has a market capitalization of £2.71 billion, a P/E ratio of 6.45 and a beta of 1.05. 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 business also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 16th were given 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 presently 35.88%.

Insider Activity

In related news, insider Oliver Tant acquired 12,500 shares of the stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of GBX 361 ($4.57) per share, with a total value of £45,125 ($57,105.80). 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.