B&M European Value Retail (LON:BME) Stock Price Crosses Above 50-Day Moving Average of $467.40

B&M European Value Retail S.A. (LON:BME – Get Rating) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 467.40 ($5.70) and traded as high as GBX 495.70 ($6.04). B&M European Value Retail shares last traded at GBX 480.40 ($5.85), with a volume of 1,797,091 shares.

Analyst Ratings Changes

A number of analysts have weighed in on BME shares. Shore Capital reaffirmed a “hold” rating on shares of B&M European Value Retail in a research note on Thursday, January 5th. Royal Bank of Canada raised shares of B&M European Value Retail to an “outperform” rating and boosted their target price for the stock from GBX 460 ($5.61) to GBX 550 ($6.70) in a research note on Monday, March 6th. Jefferies Financial Group boosted their target price on shares of B&M European Value Retail from GBX 350 ($4.27) to GBX 380 ($4.63) and gave the stock an “underperform” rating in a research note on Monday, March 6th. JPMorgan Chase & Co. boosted their target price on shares of B&M European Value Retail from GBX 414 ($5.05) to GBX 555 ($6.76) and gave the stock an “overweight” rating in a research note on Monday, December 5th. Finally, Stifel Nicolaus cut shares of B&M European Value Retail to a “hold” rating and set a GBX 500 ($6.09) target price on the stock. in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 499.38 ($6.09).

B&M European Value Retail Trading Down 3.0 %

The company has a quick ratio of 0.38, a current ratio of 1.59 and a debt-to-equity ratio of 269.40. The company has a market cap of £4.80 billion, a P/E ratio of 1,231.79 and a beta of 1.11. The firm’s 50 day moving average is GBX 467.40 and its two-hundred day moving average is GBX 400.15.

B&M European Value Retail Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 3rd. Shareholders of record on Thursday, January 12th were given a dividend of GBX 20 ($0.24) per share. The ex-dividend date was Thursday, January 12th. This represents a yield of 4.49%. This is a boost from B&M European Value Retail’s previous dividend of $5.00. B&M European Value Retail’s dividend payout ratio is 2,564.10%.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Mike Schmidt purchased 5,000 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were acquired at an average price of GBX 449 ($5.47) per share, with a total value of £22,450 ($27,361.37). Insiders own 7.01% of the company’s stock.

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.