B&M European Value Retail (LON:BME) Coverage Initiated by Analysts at BNP Paribas

BNP Paribas initiated coverage on shares of B&M European Value Retail (LON:BME) in a report released on Monday morning. The firm issued an outperform rating and a 660.00 price objective on the stock.

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

B&M European Value Retail Trading Up 2.2 %

Shares of LON BME traded up GBX 7.30 ($0.09) during mid-day trading 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. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.09) and a 52 week high of GBX 618.20 ($7.78). The business’s 50-day moving average is GBX 400.18 and its 200-day moving average is GBX 450.55. The stock has a market cap of £3.46 billion, a price-to-earnings 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.

B&M European Value Retail Cuts Dividend

The business also recently declared 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 4,166.67%.

Insider Buying and Selling

In other news, insider Alex Russo sold 8,602 shares of the firm’s stock in a transaction that occurred 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). Insiders own 4.22% of the company’s stock.

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.