B&M European Value Retail S.A. (LON:BME) Receives GBX 577 Consensus Price Target from Analysts

B&M European Value Retail S.A. (LON:BME) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 577 ($7.50).

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating on shares of B&M European Value Retail in a report on Friday, June 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 ($7.80) target price on shares of B&M European Value Retail in a research report on Tuesday, July 16th.

Insider Activity at B&M European Value Retail

In other news, insider Hounaïda Lasry purchased 7,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were purchased at an average cost of GBX 500 ($6.50) per share, with a total value of £35,000 ($45,478.17). 4.22% of the stock is currently owned by corporate insiders.

B&M European Value Retail Trading Down 0.3 %

Shares of B&M European Value Retail stock opened at GBX 438.50 ($5.70) on Monday. The firm’s 50 day simple moving average is GBX 454.77 and its two-hundred day simple moving average is GBX 501.57. The firm has a market capitalization of £4.39 billion, a price-to-earnings ratio of 1,218.06 and a beta of 1.07. B&M European Value Retail has a 12-month low of GBX 431.80 ($5.61) and a 12-month high of GBX 618.20 ($8.03). 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 Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th were paid a dividend of GBX 9.60 ($0.12) per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a dividend yield of 1.76%. B&M European Value Retail’s dividend payout ratio is currently 4,166.67%.

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.