JPMorgan Chase & Co. reiterated their underweight rating on shares of B&M European Value Retail (LON:BME – Free Report) in a research report report published on Friday, Marketbeat reports.
A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group cut B&M European Value Retail to a hold rating and increased their target price for the company from GBX 380 ($4.81) to GBX 525 ($6.64) in a report on Monday, April 22nd. Shore Capital reissued a not rated rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a buy rating and set a GBX 660 ($8.35) price target on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of GBX 573.17 ($7.25).
Get Our Latest Analysis on BME
B&M European Value Retail Price Performance
B&M European Value Retail Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be given a GBX 9.60 ($0.12) dividend. This represents a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, June 27th. B&M European Value Retail’s dividend payout ratio (DPR) is currently 4,285.71%.
Insider Buying and Selling
In other news, insider Hounaïda Lasry bought 7,000 shares of the business’s stock in a transaction that occurred on 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). Corporate insiders own 4.23% 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.
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