B&M European Value Retail (LON:BME) Price Target Lowered to GBX 410 at Jefferies Financial Group

B&M European Value Retail (LON:BME) had its price target cut by Jefferies Financial Group from GBX 420 ($5.49) to GBX 410 ($5.36) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Several other research analysts also recently issued reports on BME. Barclays reaffirmed an overweight rating on shares of B&M European Value Retail in a research note on Tuesday, July 16th. Morgan Stanley reaffirmed an equal weight rating on shares of B&M European Value Retail in a research note on Monday. Peel Hunt reaffirmed a buy rating and set a GBX 450 ($5.88) price target on shares of B&M European Value Retail in a research note on Tuesday. Shore Capital reaffirmed a buy rating and set a GBX 429 ($5.61) price target on shares of B&M European Value Retail in a research note on Friday, November 8th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 420 ($5.49) price target on shares of B&M European Value Retail in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 427.23 ($5.58).

Shares of LON BME traded up GBX 6.40 ($0.08) during trading on Wednesday, hitting GBX 377.80 ($4.94). 3,158,615 shares of the company were exchanged, compared to its average volume of 3,550,000. The company has a market cap of $3.76 billion and a price-to-earnings ratio of 28.84. B&M European Value Retail has a 1 year low of GBX 277.70 ($3.63) and a 1 year high of GBX 402.50 ($5.26). The firm’s fifty day moving average price is GBX 372.44 and its 200 day moving average price is GBX 362.54. The company has a debt-to-equity ratio of 208.08, a current ratio of 1.23 and a quick ratio of 0.16.

The company also recently declared a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a dividend of GBX 2.70 ($0.04) per share. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, November 21st. B&M European Value Retail’s dividend payout ratio (DPR) is presently 0.61%.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.

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Analyst Recommendations for B&M European Value Retail (LON:BME)

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