B&M European Value Retail’s (BME) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of B&M European Value Retail (LON:BMEFree Report) in a research report report published on Monday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 600 ($7.69) price target on the stock.

BME has been the subject of a number of other research reports. JPMorgan Chase & Co. reiterated an underweight rating on shares of B&M European Value Retail in a research note on Friday, June 28th. Jefferies Financial Group downgraded B&M European Value Retail to a hold rating and lifted their price target for the company from GBX 380 ($4.87) to GBX 525 ($6.72) in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 660 ($8.45) price target on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Finally, Shore Capital reiterated a not rated rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, B&M European Value Retail currently has a consensus rating of Hold and a consensus target price of GBX 577 ($7.39).

Check Out Our Latest Stock Analysis on BME

B&M European Value Retail Price Performance

BME stock opened at GBX 440.80 ($5.65) on Monday. The company has a market capitalization of £4.41 billion, a P/E ratio of 1,259.43 and a beta of 1.01. The company has a debt-to-equity ratio of 280.00, a quick ratio of 0.38 and a current ratio of 1.37. B&M European Value Retail has a 52-week low of GBX 431.80 ($5.53) and a 52-week high of GBX 618.20 ($7.92). The business has a 50-day simple moving average of GBX 500.68 and a two-hundred day simple moving average of GBX 520.53.

B&M European Value Retail Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given a dividend of GBX 9.60 ($0.12) per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 1.76%. B&M European Value Retail’s dividend payout ratio is currently 4,285.71%.

Insiders Place Their Bets

In related news, insider Hounaïda Lasry purchased 7,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of GBX 500 ($6.40) per share, with a total value of £35,000 ($44,831.56). Insiders own 4.23% of the company’s stock.

About B&M European Value Retail

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

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