Analysts Set B&M European Value Retail S.A. (LON:BME) Target Price at GBX 553.20

Shares of B&M European Value Retail S.A. (LON:BME) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 546.20 ($6.88).

Several equities analysts have recently commented on BME shares. HSBC set a 640.00 price target on shares of B&M European Value Retail and gave the stock a “buy” rating in a research report on Monday, November 18th. Royal Bank of Canada assumed coverage on B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 500.00 target price on the stock. The Goldman Sachs Group assumed coverage on B&M European Value Retail in a report on Friday. They issued a “buy” rating and a 475.00 price target for the company. Canaccord Genuity Group reduced their price objective on B&M European Value Retail from GBX 600 ($7.56) to GBX 565 ($7.11) and set a “buy” rating on the stock in a research note on Friday. Finally, Citigroup lowered their target price on shares of B&M European Value Retail from GBX 540 ($6.80) to GBX 510 ($6.42) and set a “buy” rating for the company in a research note on Friday.

Insider Buying and Selling

In other news, insider Alex Russo sold 8,602 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,929.33). Corporate insiders own 4.22% of the company’s stock.

B&M European Value Retail Trading Up 2.2 %

BME opened at GBX 346.30 ($4.36) on Friday. B&M European Value Retail has a 12-month low of GBX 324.80 ($4.09) and a 12-month high of GBX 618.20 ($7.78). 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 £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The firm’s fifty day moving average price is GBX 398.66 and its 200 day moving average price is GBX 448.39.

B&M European Value Retail Cuts Dividend

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

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.