B&M European Value Retail (LON:BME) Price Target Lowered to GBX 490 at Canaccord Genuity Group

B&M European Value Retail (LON:BME) had its target price reduced by Canaccord Genuity Group from GBX 545 ($6.91) to GBX 490 ($6.21) in a report issued on Tuesday morning, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research analysts also recently commented on BME. Royal Bank of Canada assumed coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 500.00 target price on the stock. Canaccord Genuity Group decreased their target price on shares of B&M European Value Retail from GBX 600 ($7.60) to GBX 565 ($7.16) and set a “buy” rating on the stock in a research note on Friday, November 22nd. 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. JPMorgan Chase & Co. decreased their target price on shares of B&M European Value Retail from GBX 349 ($4.42) to GBX 320 ($4.06) and set an “underweight” rating on the stock in a research note on Monday, January 13th. Finally, Citigroup decreased their target price on shares of B&M European Value Retail from GBX 540 ($6.84) to GBX 510 ($6.46) and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, B&M European Value Retail currently has an average rating of “Moderate Buy” and a consensus target price of GBX 546.83 ($6.93).

B&M European Value Retail Trading Down 0.5 %

BME stock opened at GBX 283.30 ($3.59) on Tuesday. The company has a market capitalization of £2.85 billion, a PE ratio of 6.78 and a beta of 1.05. B&M European Value Retail has a one year low of GBX 254.60 ($3.23) and a one year high of GBX 561.80 ($7.12). The company’s 50 day moving average price is GBX 328.27 and its two-hundred day moving average price is GBX 378.18. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06.

B&M European Value Retail Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were issued a dividend of GBX 15 ($0.19) per share. This represents a dividend yield of 4.75%. The ex-dividend date was Thursday, January 16th. This is a boost from B&M European Value Retail’s previous dividend of $5.30. B&M European Value Retail’s payout ratio is 35.88%.

Insider Activity

In other B&M European Value Retail news, insider Oliver Tant bought 12,500 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of GBX 361 ($4.58) per share, for a total transaction of £45,125 ($57,192.65). Company insiders own 4.22% of the company’s stock.

About B&M European Value Retail

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.