B&M European Value Retail S.A. (LON:BME) Given Average Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

Shares of B&M European Value Retail S.A. (LON:BME – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 546.20 ($6.85).

A number of equities analysts have recently issued reports on the stock. Morgan Stanley set a 358.00 price objective on shares of B&M European Value Retail and gave the company an “underweight” rating in a research note on Monday, November 18th. The Goldman Sachs Group initiated coverage on shares of B&M European Value Retail in a report on Friday, November 22nd. They set a “buy” rating and a 475.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on B&M European Value Retail in a research report on Monday, September 9th. They issued an “underweight” rating and a 469.00 price objective for the company. Royal Bank of Canada initiated coverage on B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 500.00 target price on the stock. Finally, HSBC set a 640.00 price target on shares of B&M European Value Retail and gave the stock a “buy” rating in a research report on Monday, November 18th.

Get Our Latest Research Report on BME

B&M European Value Retail Price Performance

Shares of LON:BME opened at GBX 362.10 ($4.54) on Tuesday. The business’s 50 day moving average is GBX 373.42 and its 200-day moving average is GBX 421.91. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. The firm has a market capitalization of £3.62 billion, a PE ratio of 1,005.83 and a beta of 1.05. B&M European Value Retail has a 1-year low of GBX 324.80 ($4.07) and a 1-year high of GBX 574.23 ($7.20).

B&M European Value Retail Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were paid a GBX 5.30 ($0.07) dividend. This represents a yield of 1.4%. The ex-dividend date was Thursday, November 21st. B&M European Value Retail’s payout ratio is 4,166.67%.

Insider Buying and Selling

In other B&M European Value Retail news, insider Oliver Tant purchased 12,500 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of GBX 361 ($4.53) per share, with a total value of £45,125 ($56,568.89). Also, insider Mike Schmidt sold 17,878 shares of B&M European Value Retail stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.43), for a total value of £63,109.34 ($79,114.13). 4.22% of the stock is owned by insiders.

B&M European Value Retail Company Profile

(Get Free Report

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.

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