Brokerages Set B&M European Value Retail S.A. (LON:BME) Price Target at GBX 516

B&M European Value Retail S.A. (LON:BME) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat.com 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 twelve-month price target among analysts that have covered the stock in the last year is GBX 516 ($6.43).

A number of brokerages have recently weighed in on BME. JPMorgan Chase & Co. cut their price objective on B&M European Value Retail from GBX 349 ($4.35) to GBX 320 ($3.98) and set an “underweight” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on B&M European Value Retail in a research note on Friday, November 22nd. They issued a “buy” rating and a 475.00 price objective on the stock. Citigroup lowered their price target on shares of B&M European Value Retail from GBX 540 ($6.72) to GBX 510 ($6.35) and set a “buy” rating for the company in a report on Friday, November 22nd. Morgan Stanley set a 358.00 target price on B&M European Value Retail and gave the stock an “underweight” rating in a report on Monday, November 18th. Finally, Barclays set a 570.00 target price on B&M European Value Retail and gave the stock an “overweight” rating in a report on Friday, October 18th.

B&M European Value Retail Price Performance

LON:BME opened at GBX 319.10 ($3.97) on Wednesday. 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’s 50-day simple moving average is GBX 340.73 and its two-hundred day simple moving average is GBX 389.27. The stock has a market cap of £3.19 billion, a PE ratio of 886.39 and a beta of 1.05. B&M European Value Retail has a 52 week low of GBX 299.60 ($3.73) and a 52 week high of GBX 561.80 ($7.00).

B&M European Value Retail (LON:BME) last posted its quarterly earnings results on Thursday, November 14th. The company reported GBX 13.80 ($0.17) EPS for the quarter. B&M European Value Retail had a return on equity of 50.48% and a net margin of 6.69%. As a group, analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

B&M European Value Retail Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a GBX 15 ($0.19) dividend. This is an increase from B&M European Value Retail’s previous dividend of $5.30. This represents a dividend yield of 4.75%. The ex-dividend date is Thursday, January 16th. B&M European Value Retail’s payout ratio is presently 4,166.67%.

Insider Transactions at B&M European Value Retail

In other B&M European Value Retail news, insider Mike Schmidt sold 17,878 shares of B&M European Value Retail stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.40), for a total value of £63,109.34 ($78,582.17). Also, insider Oliver Tant bought 12,500 shares of the business’s stock in a transaction on Friday, December 6th. The stock was bought at an average price of GBX 361 ($4.50) per share, for a total transaction of £45,125 ($56,188.52). 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.