B&M European Value Retail (LON:BME) Reaches New 12-Month Low – What’s Next?

B&M European Value Retail S.A. (LON:BME) reached a new 52-week low on Thursday . The stock traded as low as GBX 307.70 ($3.80) and last traded at GBX 318.10 ($3.93), with a volume of 69436563 shares changing hands. The stock had previously closed at GBX 348.60 ($4.31).

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BME shares. Royal Bank of Canada started coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They set an “outperform” rating and a 500.00 price target on the stock. Investec set a 495.00 target price on shares of B&M European Value Retail and gave the stock a “hold” rating in a research note on Wednesday, October 30th. HSBC set a 640.00 price target on shares of B&M European Value Retail and gave the company a “buy” rating in a research report on Monday, November 18th. Panmure Gordon assumed coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price objective on the stock. Finally, Barclays set a 570.00 target price on B&M European Value Retail and gave the company an “overweight” rating in a report on Friday, October 18th. Two equities research 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. According to MarketBeat, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average target price of GBX 561.22 ($6.94).

B&M European Value Retail Stock Down 12.6 %

The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The firm’s 50-day moving average price is GBX 364.44 and its two-hundred day moving average price is GBX 412.35. The firm has a market cap of £3.05 billion, a PE ratio of 846.39 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were paid a GBX 5.30 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 1.4%. B&M European Value Retail’s dividend payout ratio is presently 4,166.67%.

Insiders Place Their Bets

In related news, insider Mike Schmidt sold 17,878 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.36), for a total transaction of £63,109.34 ($78,009.07). Also, insider Oliver Tant acquired 12,500 shares of the stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of GBX 361 ($4.46) per share, for a total transaction of £45,125 ($55,778.74). Corporate insiders own 4.22% of the company’s stock.

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.