B&M European Value Retail S.A. (LON:BME) Receives GBX 553.20 Consensus Target Price from Analysts

Shares of B&M European Value Retail S.A. (LON:BME) have been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 546.20 ($6.93).

BME has been the subject of a number of recent research reports. BNP Paribas initiated coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They set an “outperform” rating and a 660.00 price objective for the company. Citigroup reduced their price target 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. Panmure Gordon began coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price target on the stock. Investec set a 495.00 price objective on B&M European Value Retail and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada started 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 target price on the stock.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Mike Schmidt sold 17,878 shares of the business’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). Also, insider Alex Russo sold 8,602 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.38), for a total transaction of £36,472.48 ($46,296.62). Insiders own 4.22% of the company’s stock.

B&M European Value Retail Stock Performance

Shares of BME opened at GBX 341.40 ($4.33) on Friday. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. B&M European Value Retail has a 12 month low of GBX 324.80 ($4.12) and a 12 month high of GBX 618.20 ($7.85). The firm has a fifty day simple moving average of GBX 393.93 and a 200 day simple moving average of GBX 445.80. The stock has a market capitalization of £3.41 billion, a price-to-earnings ratio of 960.56 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

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