B&M European Value Retail S.A. (LON:BME) Receives Average Recommendation of “Hold” from Analysts

Shares of B&M European Value Retail S.A. (LON:BME) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 577 ($7.42).

BME has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 660 ($8.49) price target on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Shore Capital reiterated a “not rated” rating on shares of B&M European Value Retail in a report on Tuesday, April 16th. Jefferies Financial Group downgraded B&M European Value Retail to a “hold” rating and boosted their price target for the company from GBX 380 ($4.89) to GBX 525 ($6.75) in a report on Monday, April 22nd. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 ($7.72) price objective on shares of B&M European Value Retail in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of B&M European Value Retail in a report on Friday, June 28th.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Hounaïda Lasry acquired 7,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was bought at an average cost of GBX 500 ($6.43) per share, with a total value of £35,000 ($45,021.87). 4.23% of the stock is currently owned by corporate insiders.

B&M European Value Retail Stock Performance

LON BME opened at GBX 465.89 ($5.99) on Thursday. The company has a quick ratio of 0.38, a current ratio of 1.37 and a debt-to-equity ratio of 280.00. B&M European Value Retail has a 52-week low of GBX 431.80 ($5.55) and a 52-week high of GBX 618.20 ($7.95). The business’s 50-day moving average price is GBX 478.73 and its 200 day moving average price is GBX 510.13. The firm has a market cap of £4.66 billion, a P/E ratio of 1,337.43 and a beta of 1.01.

B&M European Value Retail Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given a GBX 9.60 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 1.76%. B&M European Value Retail’s payout ratio is currently 4,285.71%.

B&M European Value Retail Company Profile

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.