B&M European Value Retail S.A. (LON:BME) Increases Dividend to GBX 15 Per Share

B&M European Value Retail S.A. (LON:BME) announced a dividend on Thursday, January 9th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 15 ($0.18) per share on Friday, February 14th. This represents a dividend yield of 4.75%. The ex-dividend date is Thursday, January 16th. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. The official announcement can be accessed at this link.

B&M European Value Retail Stock Performance

BME traded down GBX 3.01 ($0.04) on Friday, hitting GBX 315.89 ($3.89). The company had a trading volume of 508,872,500 shares, compared to its average volume of 80,236,820. B&M European Value Retail has a 1-year low of GBX 3.16 ($0.04) and a 1-year high of GBX 572.89 ($7.05). 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 fifty day moving average price is GBX 361.98 and its 200 day moving average price is GBX 410.42. The stock has a market cap of £3.16 billion, a price-to-earnings ratio of 877.47 and a beta of 1.05.

Insider Activity

In other B&M European Value Retail news, insider Mike Schmidt sold 17,878 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.34), for a total value of £63,109.34 ($77,653.92). Also, insider Oliver Tant purchased 12,500 shares of the stock in a transaction on Friday, December 6th. The shares were purchased at an average price of GBX 361 ($4.44) per share, for a total transaction of £45,125 ($55,524.79). Insiders own 4.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BME. Panmure Gordon assumed coverage on B&M European Value Retail in a research report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 target price on the stock. The Goldman Sachs Group started coverage on shares of B&M European Value Retail in a research report on Friday, November 22nd. They set a “buy” rating and a 475.00 target price on the stock. Redburn Atlantic set a 500.00 target price on shares of B&M European Value Retail and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Barclays set a 570.00 price target on B&M European Value Retail and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, BNP Paribas started coverage on B&M European Value Retail in a research report on Monday, November 18th. They set an “outperform” rating and a 660.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 561.22 ($6.91).

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.