B&M European Value Retail (LON:BME) Price Target Cut to GBX 490 by Analysts at Canaccord Genuity Group

B&M European Value Retail (LON:BME) had its target price decreased by Canaccord Genuity Group from GBX 545 ($6.87) to GBX 490 ($6.18) in a report issued on Tuesday, Marketbeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the company. HSBC set a 640.00 target price on B&M European Value Retail and gave the company a “buy” rating in a report on Monday, November 18th. Morgan Stanley set a 358.00 price objective on B&M European Value Retail and gave the stock an “underweight” rating in a report on Monday, November 18th. The Goldman Sachs Group began coverage on shares of B&M European Value Retail in a research note on Friday, November 22nd. They issued a “buy” rating and a 475.00 target price on the stock. BNP Paribas initiated coverage on B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 660.00 price target for the company. Finally, Canaccord Genuity Group lowered their price objective on shares of B&M European Value Retail from GBX 600 ($7.56) to GBX 565 ($7.12) and set a “buy” rating for the company in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 546.83 ($6.89).

B&M European Value Retail Stock Down 1.7 %

Shares of LON BME opened at GBX 280.80 ($3.54) on Tuesday. The stock has a fifty day moving average price of GBX 326.85 and a 200 day moving average price of GBX 377.02. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 12-month low of GBX 254.60 ($3.21) and a 12-month high of GBX 561.80 ($7.08). The company has a market cap of £2.83 billion, a P/E ratio of 6.72 and a beta of 1.05.

B&M European Value Retail Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were paid a GBX 15 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, January 16th. This is an increase from B&M European Value Retail’s previous dividend of $5.30. This represents a dividend yield of 4.75%. B&M European Value Retail’s dividend payout ratio is 35.88%.

Insider Activity

In related news, insider Oliver Tant purchased 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of GBX 285 ($3.59) per share, for a total transaction of £21,375 ($26,941.01). 4.22% of the stock is owned by corporate insiders.

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.