B&M European Value Retail S.A. (LON:BME) Receives GBX 511.67 Consensus Target Price from Brokerages

B&M European Value Retail S.A. (LON:BME) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. Two investment 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 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 511.67 ($6.61).

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group decreased their price objective on B&M European Value Retail from GBX 600 ($7.75) to GBX 565 ($7.30) and set a “buy” rating for the company in a research note on Friday, November 22nd. Citigroup reduced their target price on B&M European Value Retail from GBX 540 ($6.98) to GBX 510 ($6.59) and set a “buy” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group assumed coverage on B&M European Value Retail in a research report on Friday, November 22nd. They set a “buy” rating and a 475.00 target price on the stock. Canaccord Genuity Group reduced their target price on B&M European Value Retail from GBX 545 ($7.04) to GBX 490 ($6.33) and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price on B&M European Value Retail from GBX 349 ($4.51) to GBX 320 ($4.13) and set an “underweight” rating on the stock in a research report on Monday, January 13th.

B&M European Value Retail Trading Up 1.3 %

Shares of LON BME opened at GBX 268.90 ($3.47) on Friday. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. The stock has a market capitalization of £2.71 billion, a P/E ratio of 6.43 and a beta of 1.05. B&M European Value Retail has a 1-year low of GBX 254.60 ($3.29) and a 1-year high of GBX 561.80 ($7.26). The business has a fifty day moving average price of GBX 313.64 and a 200 day moving average price of GBX 368.23.

B&M European Value Retail Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were issued a GBX 15 ($0.19) dividend. The ex-dividend date was Thursday, January 16th. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. This represents a dividend yield of 4.75%. B&M European Value Retail’s dividend payout ratio is currently 35.88%.

Insider Activity

In other B&M European Value Retail news, insider Oliver Tant purchased 7,500 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of GBX 285 ($3.68) per share, for a total transaction of £21,375 ($27,619.85). Corporate insiders own 4.22% of the company’s stock.

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.