B&M European Value Retail (LON:BME) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of B&M European Value Retail (LON:BME) in a research note published on Friday. The brokerage issued a buy rating and a 475.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. BNP Paribas assumed coverage on shares of B&M European Value Retail in a research report on Monday, November 18th. They set an “outperform” rating and a 660.00 price objective for the company. Investec set a 495.00 price target on shares of B&M European Value Retail and gave the stock a “hold” rating in a research note on Wednesday, October 30th. HSBC set a 640.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group dropped their target price on B&M European Value Retail from GBX 600 ($7.52) to GBX 565 ($7.08) and set a “buy” rating on the stock in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft set a 620.00 target price on B&M European Value Retail and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, B&M European Value Retail currently has an average rating of “Moderate Buy” and a consensus target price of GBX 561.22 ($7.04).

B&M European Value Retail Trading Up 2.2 %

Shares of BME stock opened at GBX 346.30 ($4.34) on Friday. The company has a market capitalization of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. 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 business’s 50 day moving average is GBX 400.18 and its two-hundred day moving average is GBX 450.55. B&M European Value Retail has a twelve month low of GBX 324.80 ($4.07) and a twelve month high of GBX 618.20 ($7.75).

B&M European Value Retail Cuts Dividend

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

Insider Buying and Selling at B&M European Value Retail

In related news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.32), for a total transaction of £36,472.48 ($45,722.05). Insiders own 4.22% of the company’s stock.

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.