B&M European Value Retail (LON:BME) Sets New 12-Month Low – Should You Sell?

B&M European Value Retail S.A. (LON:BME)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 254.60 ($3.21) and last traded at GBX 284.97 ($3.60), with a volume of 14598252 shares trading hands. The stock had previously closed at GBX 290.90 ($3.67).

Analyst Ratings Changes

Several research firms have recently commented on BME. Morgan Stanley set a 358.00 price target on shares of B&M European Value Retail and gave the company an “underweight” rating in a research report on Monday, November 18th. BNP Paribas began 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 target price for the company. Citigroup decreased their price target on shares of B&M European Value Retail from GBX 540 ($6.81) to GBX 510 ($6.44) and set a “buy” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group assumed 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 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective on B&M European Value Retail from GBX 349 ($4.40) to GBX 320 ($4.04) and set an “underweight” rating for the company in a research note on Monday, January 13th. Two 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 552.94 ($6.98).

B&M European Value Retail Trading Down 2.1 %

The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The company has a market capitalization of £2.81 billion, a PE ratio of 6.67 and a beta of 1.05. The stock has a fifty day moving average of GBX 329.72 and a 200 day moving average of GBX 378.83.

B&M European Value Retail Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were issued a GBX 15 ($0.19) dividend. This represents a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, January 16th. This is an increase from B&M European Value Retail’s previous dividend of $5.30. B&M European Value Retail’s payout ratio is 35.88%.

Insider Buying and Selling

In other news, insider Oliver Tant bought 12,500 shares of B&M European Value Retail stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of GBX 361 ($4.56) per share, with a total value of £45,125 ($56,947.25). 4.22% of the stock is owned by company 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.