B&M European Value Retail S.A. (LON:BME) Given Average Rating of “Moderate Buy” by Brokerages

B&M European Value Retail S.A. (LON:BME) has received an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 546.20 ($6.93).

BME has been the topic of several recent analyst reports. Canaccord Genuity Group dropped their price target on shares of B&M European Value Retail from GBX 600 ($7.61) to GBX 565 ($7.17) and set a “buy” rating on the stock in a research note on Friday, November 22nd. Panmure Gordon initiated coverage on B&M European Value Retail in a research note on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on B&M European Value Retail in a report on Monday, September 9th. They issued an “underweight” rating and a 469.00 price objective for the company. Investec set a 495.00 price objective on shares of B&M European Value Retail and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada initiated coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They issued an “outperform” rating and a 500.00 target price for the company.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Oliver Tant acquired 12,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of GBX 361 ($4.58) per share, for a total transaction of £45,125 ($57,250.70). Also, insider Mike Schmidt sold 17,878 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.48), for a total value of £63,109.34 ($80,067.67). 4.22% of the stock is currently owned by company insiders.

B&M European Value Retail Stock Performance

LON:BME opened at GBX 363.30 ($4.61) on Tuesday. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. B&M European Value Retail has a 12 month low of GBX 324.80 ($4.12) and a 12 month high of GBX 581 ($7.37). The firm has a market capitalization of £3.63 billion, a PE ratio of 1,009.17 and a beta of 1.05. The business’s fifty day moving average price is GBX 378.41 and its 200 day moving average price is GBX 428.33.

B&M European Value Retail Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were paid a GBX 5.30 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 1.4%. B&M European Value Retail’s payout ratio is 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.