B&M European Value Retail S.A. (LON:BME) Increases Dividend to GBX 15 Per Share

B&M European Value Retail S.A. (LON:BME) declared a dividend on Thursday, January 9th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 15 ($0.18) per share on Friday, February 14th. This represents a yield of 4.75%. The ex-dividend date of this dividend is Thursday, January 16th. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. The official announcement can be accessed at this link.

B&M European Value Retail Stock Performance

LON:BME opened at GBX 315.89 ($3.86) on Friday. 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 has a twelve month low of GBX 3.16 ($0.04) and a twelve month high of GBX 572.89 ($6.99). The company has a fifty day moving average of GBX 361.98 and a 200-day moving average of GBX 410.42. The firm has a market capitalization of £3.16 billion, a P/E ratio of 877.47 and a beta of 1.05.

Insider Activity at B&M European Value Retail

In other news, insider Oliver Tant acquired 12,500 shares of B&M European Value Retail stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average price of GBX 361 ($4.41) per share, with a total value of £45,125 ($55,097.68). Also, insider Mike Schmidt sold 17,878 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.31), for a total value of £63,109.34 ($77,056.58). 4.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup decreased their target price on B&M European Value Retail from GBX 540 ($6.59) to GBX 510 ($6.23) and set a “buy” rating for the company in a research report on Friday, November 22nd. The Goldman Sachs Group assumed coverage on B&M European Value Retail in a report on Friday, November 22nd. They issued a “buy” rating and a 475.00 price target on the stock. BNP Paribas started coverage on B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 660.00 price objective for the company. Finally, Panmure Gordon began coverage on B&M European Value Retail in a report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 target price on the stock. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($6.85).

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.