Morgan Stanley Analysts Give B&M European Value Retail (LON:BME) a 358.00 Price Target

Morgan Stanley set a 358.00 price target on B&M European Value Retail (LON:BME) in a report released on Monday morning. The brokerage currently has an underweight rating on the stock.

Several other equities research analysts also recently commented on the company. Panmure Gordon began coverage on B&M European Value Retail in a report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price objective for the company. The Goldman Sachs Group began coverage on shares of B&M European Value Retail in a research note on Friday. They set a “buy” rating and a 475.00 price target for the company. Goodbody set a 660.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research note on Monday, July 29th. BNP Paribas initiated coverage on shares of B&M European Value Retail in a research report on Monday. They set an “outperform” rating and a 660.00 target price for the company. Finally, Redburn Atlantic set a 500.00 price target on shares of B&M European Value Retail and gave the company a “neutral” rating in a research report on Wednesday, September 25th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 562.89 ($7.09).

B&M European Value Retail Stock Up 2.2 %

B&M European Value Retail stock traded up GBX 7.30 ($0.09) during midday trading on Monday, reaching GBX 346.30 ($4.36). The stock had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. The company has a fifty day moving average price of GBX 400.18 and a two-hundred day moving average price of GBX 450.55. B&M European Value Retail has a 12 month low of GBX 324.80 ($4.09) and a 12 month high of GBX 618.20 ($7.78). The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. The company has a market capitalization of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05.

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 issued a GBX 5.30 ($0.07) dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Thursday, November 21st. B&M European Value Retail’s dividend payout ratio (DPR) is currently 4,166.67%.

Insider Buying and Selling

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 corporate insiders.

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.