Brokerages Set B&M European Value Retail S.A. (LON:BME) Price Target at GBX 511.67

B&M European Value Retail S.A. (LON:BME) has been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 511.67 ($6.61).

A number of analysts have issued reports on BME shares. Royal Bank of Canada started coverage on B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 500.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective 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 note on Monday, January 13th. BNP Paribas started coverage on B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 660.00 price objective on the stock. Canaccord Genuity Group reduced their price objective on B&M European Value Retail from GBX 600 ($7.75) to GBX 565 ($7.30) and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, HSBC set a 640.00 price objective on B&M European Value Retail and gave the stock a “buy” rating in a research note on Monday, November 18th.

Insider Activity at B&M European Value Retail

In other news, insider Oliver Tant bought 7,500 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of GBX 285 ($3.68) per share, for a total transaction of £21,375 ($27,619.85). 4.22% of the stock is owned by company insiders.

B&M European Value Retail Stock Up 1.3 %

Shares of BME opened at GBX 268.90 ($3.47) on Friday. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 12-month low of GBX 254.60 ($3.29) and a 12-month high of GBX 561.80 ($7.26). The business’s 50 day moving average is GBX 313.64 and its 200 day moving average is GBX 368.23. The company has a market capitalization of £2.71 billion, a PE ratio of 6.43 and a beta of 1.05.

B&M European Value Retail Increases Dividend

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

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.