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

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

A number of other research analysts also recently weighed in on BME. 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 price target on the stock. Canaccord Genuity Group lowered their price objective on shares of 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 report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 561.22 ($7.07).

B&M European Value Retail Stock Up 2.2 %

BME traded up GBX 7.30 ($0.09) during midday trading on Monday, hitting GBX 346.30 ($4.36). The company had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. The stock’s 50 day moving average price is GBX 400.18 and its 200 day moving average price is GBX 450.55. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.09) and a 52 week high of GBX 618.20 ($7.78). The company has a market capitalization of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. 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 disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be issued a GBX 5.30 ($0.07) dividend. This represents a yield of 1.4%. The ex-dividend date is Thursday, November 21st. B&M European Value Retail’s dividend payout ratio (DPR) is currently 4,166.67%.

Insider Buying and Selling

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