B&M European Value Retail (LON:BME) Now Covered by Analysts at BNP Paribas

BNP Paribas began coverage on shares of B&M European Value Retail (LON:BME) in a report issued on Monday morning. The brokerage issued an outperform rating and a 660.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group cut their target price on B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating on the stock in a research report on Friday. Panmure Gordon initiated coverage on B&M European Value Retail in a research note on Wednesday, October 2nd. They set a “buy” rating and a 685.00 target price on the stock. Two investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 562.89 ($7.09).

B&M European Value Retail Trading Up 2.2 %

Shares of BME traded up GBX 7.30 ($0.09) during trading on Monday, reaching GBX 346.30 ($4.36). 5,004,899 shares of the company traded hands, compared to its average volume of 4,232,208. The stock has a 50-day simple moving average of GBX 400.18 and a 200-day simple moving average of GBX 450.55. The stock has a market cap of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a twelve month low of GBX 324.80 ($4.09) and a twelve month high of GBX 618.20 ($7.78). 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 firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 5.30 ($0.07) per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 21st. B&M European Value Retail’s dividend payout ratio (DPR) is presently 4,166.67%.

Insider Buying and Selling

In related news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). 4.22% of the stock is owned by company insiders.

About B&M European Value Retail

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.