B&M European Value Retail (LON:BME) Share Price Crosses Above 50 Day Moving Average of $391.09

B&M European Value Retail S.A. (LON:BMEGet Rating) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 391.09 ($4.79) and traded as high as GBX 444.90 ($5.45). B&M European Value Retail shares last traded at GBX 431.50 ($5.29), with a volume of 1,422,062 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BME. Peel Hunt reaffirmed a “hold” rating and issued a GBX 660 ($8.09) target price on shares of B&M European Value Retail in a research note on Tuesday, April 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 460 ($5.64) price target on shares of B&M European Value Retail in a research report on Tuesday, July 5th. Shore Capital reiterated a “hold” rating on shares of B&M European Value Retail in a research report on Tuesday, July 12th. Barclays restated an “overweight” rating and issued a GBX 475 ($5.82) target price on shares of B&M European Value Retail in a report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of B&M European Value Retail from GBX 580 ($7.11) to GBX 577 ($7.07) and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 561.44 ($6.88).

B&M European Value Retail Trading Down 0.5 %

The stock has a 50-day simple moving average of GBX 391.09 and a two-hundred day simple moving average of GBX 487.14. The firm has a market cap of £4.30 billion and a PE ratio of 1,027.38. The company has a debt-to-equity ratio of 303.75, a quick ratio of 0.29 and a current ratio of 1.49.

B&M European Value Retail Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 5th. Investors of record on Thursday, June 30th will be paid a dividend of GBX 11.50 ($0.14) per share. The ex-dividend date of this dividend is Thursday, June 30th. This represents a dividend yield of 2.51%. B&M European Value Retail’s dividend payout ratio (DPR) is presently 42.86%.

About B&M European Value Retail

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B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of 701 stores under the B&M brand, and 311 stores under the Heron Foods and B&M Express brands in the United Kingdom; and 107 stores under the B&M brand in France. It also provides employment and property management services.

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