BNP Paribas Initiates Coverage on B&M European Value Retail (LON:BME)

BNP Paribas started coverage on shares of B&M European Value Retail (LON:BME) in a research report sent to investors on Monday morning. The brokerage issued an outperform rating and a 660.00 price objective on the stock.

A number of other equities analysts have also commented on the stock. Panmure Gordon began coverage on shares of B&M European Value Retail in a report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 price objective on the stock. Canaccord Genuity Group reduced their price target on B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 562.89 ($7.09).

B&M European Value Retail Stock Up 2.2 %

LON BME traded up GBX 7.30 ($0.09) on Monday, reaching GBX 346.30 ($4.36). The company had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. The firm has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The firm has a 50-day moving average of GBX 400.18 and a 200-day moving average of GBX 450.55. B&M European Value Retail has a 1 year low of GBX 324.80 ($4.09) and a 1 year high of GBX 618.20 ($7.78). The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

B&M European Value Retail Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be given a GBX 5.30 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 1.4%. B&M European Value Retail’s dividend payout ratio (DPR) is 4,166.67%.

Insider Buying and Selling

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). 4.22% of the stock is currently owned by company insiders.

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.