B&M European Value Retail (LON:BME) Earns “Buy” Rating from Citigroup

Citigroup reiterated their buy rating on shares of B&M European Value Retail (LON:BME) in a report released on Friday morning, Marketbeat Ratings reports. They currently have a GBX 456 ($5.90) target price on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on B&M European Value Retail from GBX 349 ($4.51) to GBX 320 ($4.14) and set an “underweight” rating on the stock in a research note on Monday, January 13th. Canaccord Genuity Group cut their price target on B&M European Value Retail from GBX 545 ($7.05) to GBX 490 ($6.34) and set a “buy” rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, B&M European Value Retail has a consensus rating of “Moderate Buy” and an average price target of GBX 538.76 ($6.97).

B&M European Value Retail Price Performance

B&M European Value Retail stock opened at GBX 267.70 ($3.46) on Friday. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 52-week low of GBX 254.60 ($3.29) and a 52-week high of GBX 556.60 ($7.20). The firm has a market cap of £2.70 billion, a PE ratio of 6.40 and a beta of 1.05. The company’s 50 day moving average is GBX 291.91 and its two-hundred day moving average is GBX 348.92.

B&M European Value Retail Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 16th were paid a GBX 15 ($0.19) dividend. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. This represents a yield of 4.75%. The ex-dividend date was Thursday, January 16th. B&M European Value Retail’s dividend payout ratio is currently 35.88%.

Insiders Place Their Bets

In related news, insider Oliver Tant acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of GBX 285 ($3.69) per share, for a total transaction of £21,375 ($27,637.70). 4.22% of the stock is owned by corporate insiders.

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.