B&M European Value Retail (LON:BME) Reaches New 1-Year Low – Here’s What Happened

B&M European Value Retail S.A. (LON:BME)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 298.20 ($3.78) and last traded at GBX 299.70 ($3.80), with a volume of 3203198 shares changing hands. The stock had previously closed at GBX 299.70 ($3.80).

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Investec set a 495.00 price objective on B&M European Value Retail and gave the company a “hold” rating in a research report on Wednesday, October 30th. HSBC set a 640.00 price target on B&M European Value Retail and gave the stock a “buy” rating in a research report on Monday, November 18th. Royal Bank of Canada began coverage on B&M European Value Retail in a research report on Monday, November 18th. They set an “outperform” rating and a 500.00 price target on the stock. The Goldman Sachs Group began coverage on B&M European Value Retail in a research report on Friday, November 22nd. They set a “buy” rating and a 475.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft set a 620.00 price objective on B&M European Value Retail and gave the stock a “buy” rating in a research report on Wednesday, October 30th. 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 company’s stock. According to MarketBeat, B&M European Value Retail has an average rating of “Moderate Buy” and an average price target of GBX 552.94 ($7.01).

B&M European Value Retail Trading Up 0.9 %

The company has a market cap of £2.94 billion, a PE ratio of 6.99 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. The stock has a 50 day moving average price of GBX 332.86 and a 200 day moving average price of GBX 381.75.

B&M European Value Retail Increases Dividend

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

Insider Buying and Selling at B&M European Value Retail

In related news, insider Oliver Tant acquired 12,500 shares of the stock in a transaction on Friday, December 6th. The stock was acquired at an average price of GBX 361 ($4.57) per share, for a total transaction of £45,125 ($57,178.16). 4.22% of the stock is owned by company insiders.

About B&M European Value Retail

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.