Canaccord Genuity Group Cuts B&M European Value Retail (LON:BME) Price Target to GBX 565

B&M European Value Retail (LON:BME) had its price target cut by Canaccord Genuity Group from GBX 600 ($7.56) to GBX 565 ($7.11) in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

B&M European Value Retail Trading Up 2.2 %

BME opened at GBX 346.30 ($4.36) on Friday. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.09) and a 52 week high of GBX 618.20 ($7.78). The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. The business has a fifty day simple moving average of GBX 398.66 and a 200-day simple moving average of GBX 448.39. The firm has a market cap of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 5.30 ($0.07) per share. 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 presently 4,166.67%.

Insider Buying and Selling

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,929.33). 4.22% of the stock is owned by insiders.

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.