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 stock in a transaction on Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.43), for a total transaction of £63,109.34 ($79,263.18).

B&M European Value Retail Stock Performance

Shares of LON BME traded down GBX 5.50 ($0.07) during trading on Tuesday, reaching GBX 344.80 ($4.33). 10,186,587 shares of the company traded hands, compared to its average volume of 4,267,276. The firm has a 50 day simple moving average of GBX 397.14 and a 200-day simple moving average of GBX 447.71. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. The stock has a market capitalization of £3.45 billion, a PE ratio of 958.18 and a beta of 1.05. B&M European Value Retail S.A. has a 52-week low of GBX 324.80 ($4.08) and a 52-week high of GBX 618.20 ($7.76).

B&M European Value Retail Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be issued 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 payout ratio is 4,166.67%.

Analyst Ratings Changes

Several brokerages have weighed in on BME. Citigroup dropped their price target on shares of B&M European Value Retail from GBX 540 ($6.78) to GBX 510 ($6.41) and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. initiated coverage on shares of B&M European Value Retail in a report on Monday, September 9th. They issued an “underweight” rating and a 469.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley set a 358.00 price objective on shares of B&M European Value Retail and gave the stock an “underweight” rating in a report on Monday, November 18th. Finally, Investec set a 495.00 price objective on shares of B&M European Value Retail and gave the stock a “hold” rating in a 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 561.22 ($7.05).

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.