HSBC Analysts Give B&M European Value Retail (LON:BME) a 640.00 Price Target

HSBC set a 640.00 target price on B&M European Value Retail (LON:BME) in a research report sent to investors on Monday. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. BNP Paribas initiated coverage on shares of B&M European Value Retail in a research note on Monday. They set an “outperform” rating and a 660.00 price objective for the company. Goodbody set a 660.00 price target on B&M European Value Retail and gave the stock a “buy” rating in a report on Monday, July 29th. 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 price objective on the stock. Finally, Canaccord Genuity Group decreased their target price on shares of B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating for the company in a research note on Friday. Two equities research 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. Based on data from MarketBeat.com, 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 Trading 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 stock’s 50-day simple moving average is GBX 400.18 and its 200 day simple moving average is GBX 450.55. The stock has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. B&M European Value Retail has a twelve month low of GBX 324.80 ($4.09) and a twelve month high of GBX 618.20 ($7.78).

B&M European Value Retail Cuts Dividend

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

Insiders Place Their Bets

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 shares were 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.