JPMorgan Chase & Co. reaffirmed their underweight rating on shares of B&M European Value Retail (LON:BME – Free Report) in a research note issued to investors on Friday, MarketBeat Ratings reports.
A number of other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a buy rating and set a GBX 660 ($8.35) price objective on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Jefferies Financial Group lowered B&M European Value Retail to a hold rating and increased their price objective for the company from GBX 380 ($4.81) to GBX 525 ($6.64) in a research note on Monday, April 22nd. Finally, Shore Capital reissued a not rated rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of GBX 573.17 ($7.25).
Check Out Our Latest Research Report on BME
B&M European Value Retail Stock Up 1.1 %
B&M European Value Retail Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a dividend of GBX 9.60 ($0.12) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 1.76%. B&M European Value Retail’s dividend payout ratio is presently 4,285.71%.
Insiders Place Their Bets
In other news, insider Hounaïda Lasry acquired 7,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was acquired at an average price of GBX 500 ($6.32) per share, for a total transaction of £35,000 ($44,270.17). 4.23% of the stock is 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.
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