B&M European Value Retail S.A. (LON:BME) Receives GBX 511.67 Consensus Target Price from Analysts

B&M European Value Retail S.A. (LON:BME) has received an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 511.67 ($6.59).

A number of research firms recently weighed in on BME. The Goldman Sachs Group started coverage on shares of B&M European Value Retail in a report on Friday, November 22nd. They issued a “buy” rating and a 475.00 price objective on the stock. Morgan Stanley set a 358.00 price objective on B&M European Value Retail and gave the company an “underweight” rating in a report on Monday, November 18th. BNP Paribas started 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 target price for the company. Canaccord Genuity Group cut their target price on B&M European Value Retail from GBX 545 ($7.02) to GBX 490 ($6.31) and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of B&M European Value Retail from GBX 349 ($4.50) to GBX 320 ($4.12) and set an “underweight” rating for the company in a research report on Monday, January 13th.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Oliver Tant purchased 7,500 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of GBX 285 ($3.67) per share, with a total value of £21,375 ($27,545.10). Insiders own 4.22% of the company’s stock.

B&M European Value Retail Price Performance

Shares of BME stock opened at GBX 265.50 ($3.42) on Friday. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The firm has a market cap of £2.67 billion, a P/E ratio of 6.35 and a beta of 1.05. B&M European Value Retail has a 1-year low of GBX 254.60 ($3.28) and a 1-year high of GBX 561.80 ($7.24). The firm has a fifty day moving average of GBX 317.49 and a two-hundred day moving average of GBX 370.67.

B&M European Value Retail Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were paid a GBX 15 ($0.19) dividend. This represents a 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 dividend payout ratio is 35.88%.

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.