B&M European Value Retail (LON:BME) Coverage Initiated by Analysts at The Goldman Sachs Group

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

BME has been the topic of several other research reports. Royal Bank of Canada began coverage on B&M European Value Retail in a research note on Monday, November 18th. They set an “outperform” rating and a 500.00 target price on the stock. 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. Panmure Gordon initiated coverage on shares of B&M European Value Retail in a research note on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 price objective for the company. Canaccord Genuity Group dropped their price objective on shares of B&M European Value Retail from GBX 600 ($7.52) to GBX 565 ($7.08) and set a “buy” rating for the company in a report on Friday. Finally, Redburn Atlantic set a 500.00 price target on shares of B&M European Value Retail and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($7.04).

B&M European Value Retail Stock Up 2.2 %

LON:BME opened at GBX 346.30 ($4.34) on Friday. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.07) and a 52 week high of GBX 618.20 ($7.75). The stock’s fifty day moving average is GBX 400.18 and its two-hundred day moving average is GBX 450.55. The stock has a market capitalization of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.32 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. Investors of record on Thursday, November 21st will be given a GBX 5.30 ($0.07) dividend. 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 presently 4,166.67%.

Insiders Place Their Bets

In other news, insider Alex Russo sold 8,602 shares of the 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 value of £36,472.48 ($45,722.05). Corporate 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.