B&M European Value Retail S.A. (LON:BME) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of B&M European Value Retail S.A. (LON:BME) have been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 502.67 ($6.53).

A number of brokerages have issued reports on BME. Canaccord Genuity Group cut their target price on shares of B&M European Value Retail from GBX 545 ($7.08) to GBX 490 ($6.36) and set a “buy” rating for the company in a research report on Tuesday, February 25th. Citigroup restated a “buy” rating and set a GBX 456 ($5.92) price objective on shares of B&M European Value Retail in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. reduced their target price on B&M European Value Retail from GBX 349 ($4.53) to GBX 320 ($4.16) and set an “underweight” rating on the stock in a research note on Monday, January 13th.

B&M European Value Retail Trading Up 2.1 %

Shares of BME stock opened at GBX 287 ($3.73) on Thursday. The stock has a market cap of £2.89 billion, a P/E ratio of 6.86 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a fifty-two week low of GBX 254.60 ($3.31) and a fifty-two week high of GBX 556.60 ($7.23). The business has a fifty day simple moving average of GBX 288.96 and a 200-day simple moving average of GBX 346.77.

B&M European Value Retail Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were paid a dividend of GBX 15 ($0.19) per share. The ex-dividend date of this dividend was Thursday, January 16th. This is a boost 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 payout ratio is currently 35.88%.

Insider Buying and Selling

In other B&M European Value Retail news, insider Oliver Tant bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of GBX 285 ($3.70) per share, with a total value of £21,375 ($27,756.14). 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.