B&M European Value Retail SA (LON:BME) had its price objective lifted by J P Morgan Chase & Co from GBX 370 ($4.82) to GBX 390 ($5.08) in a research report released on Thursday, August 3rd. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts also recently issued reports on BME. Liberum Capital increased their price target on shares of B&M European Value Retail SA from GBX 330 ($4.30) to GBX 380 ($4.95) and gave the stock a buy rating in a report on Wednesday, April 19th. HSBC Holdings plc reissued a buy rating and issued a GBX 350 ($4.56) price target on shares of B&M European Value Retail SA in a report on Monday, April 24th. Deutsche Bank AG raised their target price on shares of B&M European Value Retail SA from GBX 330 ($4.30) to GBX 360 ($4.69) and gave the company a buy rating in a research note on Thursday, April 27th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 400 ($5.21) target price on shares of B&M European Value Retail SA in a research note on Wednesday, May 3rd. Finally, Citigroup Inc. reaffirmed a buy rating and issued a GBX 390 ($5.08) target price on shares of B&M European Value Retail SA in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of GBX 382.33 ($4.98).
B&M European Value Retail SA (LON:BME) opened at 373.70 on Thursday. The firm’s market cap is GBX 3.74 billion. B&M European Value Retail SA has a 12 month low of GBX 218.40 and a 12 month high of GBX 381.00. The stock’s 50 day moving average is GBX 352.02 and its 200-day moving average is GBX 331.41.
The firm also recently announced a dividend, which was paid on Friday, August 4th. Stockholders of record on Thursday, June 22nd were issued a dividend of GBX 3.90 ($0.05) per share. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, June 22nd. This is a boost from B&M European Value Retail SA’s previous dividend of $1.90.
In other news, insider Simon Arora sold 60,000,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of GBX 363 ($4.73), for a total transaction of £217,800,000 ($283,630,681.08).
B&M European Value Retail SA Company Profile
B&M European Value Retail SA is a United Kingdom-based holding company of the Group. The Company is engaged in variety retailing in the United Kingdom and Germany. It operates in two segments: the UK retail segment, including grocery retailers and general merchandise retailers, and the German retail segment.
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