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

B&M European Value Retail S.A. (LON:BME) has been given an average rating of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 573.17 ($7.25).

BME has been the subject of several research reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of B&M European Value Retail in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 660 ($8.35) target price on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Jefferies Financial Group cut shares of B&M European Value Retail to a “hold” rating and lifted their price target for the company from GBX 380 ($4.81) to GBX 525 ($6.64) in a research report on Monday, April 22nd. Finally, Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a report on Tuesday, April 16th.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Hounaïda Lasry purchased 7,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of GBX 500 ($6.32) per share, with a total value of £35,000 ($44,270.17). 4.23% of the stock is currently owned by corporate insiders.

B&M European Value Retail Trading Down 0.3 %

BME stock opened at GBX 434.50 ($5.50) on Friday. The company has a debt-to-equity ratio of 280.00, a current ratio of 1.37 and a quick ratio of 0.38. The company has a market capitalization of £4.35 billion, a PE ratio of 1,241.43 and a beta of 1.01. The firm’s 50-day moving average is GBX 506.70 and its 200 day moving average is GBX 524.20. B&M European Value Retail has a 12 month low of GBX 433.50 ($5.48) and a 12 month high of GBX 618.20 ($7.82).

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 paid 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 dividend 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.