Brokerages Set B&M European Value Retail S.A. (LON:BME) Price Target at GBX 546.20

Shares of B&M European Value Retail S.A. (LON:BMEGet Free Report) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 516 ($6.31).

A number of research analysts recently weighed in on BME shares. Redburn Atlantic set a 500.00 price objective on B&M European Value Retail and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Barclays set a 570.00 target price on B&M European Value Retail and gave the company an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada began coverage on B&M European Value Retail in a report on Monday, November 18th. They issued an “outperform” rating and a 500.00 target price on the stock. Canaccord Genuity Group lowered their target price on B&M European Value Retail from GBX 600 ($7.34) to GBX 565 ($6.91) and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Morgan Stanley set a 358.00 target price on B&M European Value Retail and gave the company an “underweight” rating in a report on Monday, November 18th.

Get Our Latest Report on B&M European Value Retail

Insider Buying and Selling at B&M European Value Retail

In other news, insider Mike Schmidt sold 17,878 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.32), for a total transaction of £63,109.34 ($77,226.31). Also, insider Oliver Tant acquired 12,500 shares of B&M European Value Retail stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of GBX 361 ($4.42) per share, with a total value of £45,125 ($55,219.04). Insiders own 4.22% of the company’s stock.

B&M European Value Retail Stock Up 1.3 %

Shares of BME stock opened at GBX 319.97 ($3.92) on Friday. The stock’s 50 day simple moving average is GBX 360.45 and its 200 day simple moving average is GBX 408.48. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. B&M European Value Retail has a twelve month low of GBX 3.16 ($0.04) and a twelve month high of GBX 572.89 ($7.01). The company has a market capitalization of £3.20 billion, a price-to-earnings ratio of 888.79 and a beta of 1.05.

B&M European Value Retail Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a GBX 15 ($0.18) dividend. This represents a yield of 4.75%. This is a boost from B&M European Value Retail’s previous dividend of $5.30. The ex-dividend date is Thursday, January 16th. B&M European Value Retail’s payout ratio is presently 4,166.67%.

About B&M European Value Retail

(Get Free Report

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.

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Analyst Recommendations for B&M European Value Retail (LON:BME)

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