B&M European Value Retail S.A. (LON:BME) Receives GBX 553.20 Average PT from Analysts

B&M European Value Retail S.A. (LON:BME) has earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings 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 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 546.20 ($6.87).

BME has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on B&M European Value Retail and gave the company a “buy” rating in a report on Wednesday, October 30th. 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. Barclays set a 570.00 price objective on B&M European Value Retail and gave the company an “overweight” rating in a report on Friday, October 18th. 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. Finally, Canaccord Genuity Group lowered their price objective on B&M European Value Retail from GBX 600 ($7.54) to GBX 565 ($7.10) and set a “buy” rating on the stock in a report on Friday, November 22nd.

B&M European Value Retail Stock Down 1.6 %

BME opened at GBX 344.70 ($4.33) on Friday. B&M European Value Retail has a fifty-two week low of GBX 324.80 ($4.08) and a fifty-two week high of GBX 618.20 ($7.77). The business has a 50-day moving average of GBX 397.14 and a 200-day moving average of GBX 447.71. 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 has a market capitalization of £3.45 billion, a PE ratio of 957.78 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

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

Insiders Place Their Bets

In other B&M European Value Retail news, 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 ($5.33), for a total value of £36,472.48 ($45,848.50). Also, insider Mike Schmidt sold 17,878 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.44), for a total value of £63,109.34 ($79,332.92). Corporate insiders own 4.22% of the company’s stock.

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.