B&M European Value Retail (LON:BME) Reaches New 52-Week Low at $434.50

B&M European Value Retail S.A. (LON:BME)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 434.50 ($5.51) and last traded at GBX 444.60 ($5.64), with a volume of 4856694 shares traded. The stock had previously closed at GBX 437.20 ($5.55).

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Jefferies Financial Group cut shares of B&M European Value Retail to a “hold” rating and increased their target price for the stock from GBX 380 ($4.82) to GBX 525 ($6.66) in a report on Monday, April 22nd. Shore Capital reiterated a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of B&M European Value Retail in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 660 ($8.37) price target on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, B&M European Value Retail presently has an average rating of “Hold” and a consensus price target of GBX 573.17 ($7.27).

B&M European Value Retail Stock Up 1.7 %

The firm’s 50 day simple moving average is GBX 513.33 and its 200 day simple moving average is GBX 527.17. The company has a market cap of £4.45 billion, a price-to-earnings ratio of 1,249.14 and a beta of 1.01. The company has a quick ratio of 0.38, a current ratio of 1.37 and a debt-to-equity ratio of 280.00.

B&M European Value Retail Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a GBX 9.60 ($0.12) dividend. This represents a yield of 1.76%. The ex-dividend date of this dividend is Thursday, June 27th. B&M European Value Retail’s dividend payout ratio (DPR) is 4,285.71%.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Hounaïda Lasry purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of GBX 500 ($6.34) per share, with a total value of £35,000 ($44,399.34). 4.23% of the stock is owned by company insiders.

B&M European Value Retail Company Profile

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.