B&M European Value Retail (LON:BME) Price Target Cut to GBX 320 by Analysts at JPMorgan Chase & Co.

B&M European Value Retail (LON:BME) had its price objective cut by JPMorgan Chase & Co. from GBX 349 ($4.27) to GBX 320 ($3.92) in a research note published on Monday,London Stock Exchange reports. They currently have an underweight rating on the stock.

Several other brokerages also recently issued reports on BME. Morgan Stanley set a 358.00 target price on shares of B&M European Value Retail and gave the stock an “underweight” rating in a research note on Monday, November 18th. HSBC set a 640.00 target price on shares of B&M European Value Retail and gave the stock a “buy” rating in a research note on Monday, November 18th. 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. Royal Bank of Canada assumed coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 500.00 price objective for the company. Finally, Citigroup decreased their price objective on shares of B&M European Value Retail from GBX 540 ($6.61) to GBX 510 ($6.24) and set a “buy” rating for the company in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 552.94 ($6.77).

B&M European Value Retail Trading Up 1.3 %

LON:BME opened at GBX 319.97 ($3.92) on Monday. B&M European Value Retail has a one year low of GBX 3.16 ($0.04) and a one year high of GBX 572.89 ($7.01). 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 company’s 50-day simple moving average is GBX 360.45 and its 200 day simple moving average is GBX 408.48. The firm has a market capitalization of £3.20 billion, a P/E ratio of 888.79 and a beta of 1.05.

B&M European Value Retail Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of GBX 15 ($0.18) per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a yield of 4.75%. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. B&M European Value Retail’s dividend payout ratio (DPR) is 4,166.67%.

Insider Buying and Selling at B&M European Value Retail

In other 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 ($4.32), for a total value of £63,109.34 ($77,226.31). Also, insider Oliver Tant bought 12,500 shares of B&M European Value Retail stock in a transaction dated Friday, December 6th. The stock was purchased at an average cost of GBX 361 ($4.42) per share, for a total transaction of £45,125 ($55,219.04). 4.22% 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.