B&M European Value Retail S.A. (LON:BME) Insider Sells £63,109.34 in Stock

B&M European Value Retail S.A. (LON:BME) insider Mike Schmidt sold 17,878 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.48), for a total value of £63,109.34 ($80,108.33).

B&M European Value Retail Trading Down 0.6 %

Shares of LON:BME opened at GBX 342.50 ($4.35) on Friday. The company’s 50-day moving average price is GBX 393.93 and its two-hundred day moving average price is GBX 445.80. B&M European Value Retail S.A. has a one year low of GBX 324.80 ($4.12) and a one year high of GBX 618.20 ($7.85). The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The stock has a market capitalization of £3.43 billion, a PE ratio of 960.56 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

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

Analyst Upgrades and Downgrades

BME has been the subject of several analyst reports. Citigroup decreased their target price on B&M European Value Retail from GBX 540 ($6.85) to GBX 510 ($6.47) and set a “buy” rating for the company in a research report on Friday, November 22nd. Canaccord Genuity Group decreased their price objective on shares of B&M European Value Retail from GBX 600 ($7.62) to GBX 565 ($7.17) and set a “buy” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada assumed coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They issued an “outperform” rating and a 500.00 target price on the stock. Morgan Stanley set a 358.00 price target on shares of B&M European Value Retail and gave the company an “underweight” rating in a report on Monday, November 18th. Finally, HSBC set a 640.00 target price on B&M European Value Retail and gave the stock a “buy” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 561.22 ($7.12).

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.