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

B&M European Value Retail S.A. (LON:BMEGet Rating) passed 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 changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on B&M European Value Retail from GBX 414 ($5.05) to GBX 555 ($6.76) and gave the company an “overweight” rating in a report on Monday, December 5th. Shore Capital restated a “hold” rating on shares of B&M European Value Retail in a report on Thursday, January 5th. Jefferies Financial Group raised their price objective on B&M European Value Retail from GBX 350 ($4.27) to GBX 380 ($4.63) and gave the company an “underperform” rating in a report on Monday, March 6th. Stifel Nicolaus cut B&M European Value Retail to a “hold” rating and set a GBX 500 ($6.09) price objective for the company. in a report on Thursday, February 9th. Finally, Royal Bank of Canada upgraded B&M European Value Retail to an “outperform” rating and lifted their price target for the stock from GBX 460 ($5.61) to GBX 550 ($6.70) in a report on Monday, March 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 499.38 ($6.09).

B&M European Value Retail Price Performance

The business has a fifty day moving average of GBX 467.40 and a 200 day moving average of GBX 400.15. 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 firm has a market cap of £4.80 billion, a P/E ratio of 1,231.79 and a beta of 1.11.

B&M European Value Retail Increases Dividend

The business also recently disclosed 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 of this dividend was Thursday, January 12th. This is an increase from B&M European Value Retail’s previous dividend of $5.00. This represents a yield of 4.49%. B&M European Value Retail’s dividend payout ratio (DPR) is 2,564.10%.

Insiders Place Their Bets

In related news, insider Oliver Tant acquired 5,000 shares of the business’s stock in a transaction on Thursday, February 16th. The stock was purchased at an average cost of GBX 486 ($5.92) per share, for a total transaction of £24,300 ($29,616.09). Company insiders own 7.01% of the company’s stock.

B&M European Value Retail Company Profile

(Get Rating)

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.

Further Reading

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