B&M European Value Retail S.A. (BME) to Issue Dividend of GBX 15 on February 14th

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 is Thursday, January 16th. This is a boost from B&M European Value Retail’s previous dividend of $5.30. The official announcement can be seen at this link.

B&M European Value Retail Price Performance

B&M European Value Retail stock opened at GBX 315.89 ($3.86) on Friday. The business’s 50-day simple moving average is GBX 361.98 and its 200 day simple moving average is GBX 410.42. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. The stock has a market cap of £3.16 billion, a price-to-earnings ratio of 877.47 and a beta of 1.05. B&M European Value Retail has a 12-month low of GBX 3.16 ($0.04) and a 12-month high of GBX 572.89 ($6.99).

Wall Street Analysts Forecast Growth

BME has been the subject of a number of recent analyst reports. BNP Paribas started 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. Citigroup decreased their price target on shares of 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 report on Friday, November 22nd. Canaccord Genuity Group dropped their price objective on B&M European Value Retail from GBX 600 ($7.33) to GBX 565 ($6.90) and set a “buy” rating on the stock in a research note on Friday, November 22nd. Royal Bank of Canada started coverage on B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 500.00 target price for the company. Finally, Investec set a 495.00 price target on B&M European Value Retail and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($6.85).

Insider Activity at B&M European Value Retail

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