B&M European Value Retail’s (BME) Buy Rating Reiterated at Citigroup

Citigroup reiterated their buy rating on shares of B&M European Value Retail (LON:BME) in a research note released on Friday, MarketBeat reports. They currently have a GBX 456 ($5.90) target price on the stock.

A number of other equities research analysts have also recently issued reports on BME. Canaccord Genuity Group dropped their price target on shares of B&M European Value Retail from GBX 545 ($7.05) to GBX 490 ($6.34) and set a “buy” rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of B&M European Value Retail from GBX 349 ($4.51) to GBX 320 ($4.14) and set an “underweight” rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, B&M European Value Retail has an average rating of “Moderate Buy” and a consensus target price of GBX 538.76 ($6.97).

B&M European Value Retail Stock Up 2.5 %

Shares of BME opened at GBX 267.70 ($3.46) on Friday. The firm has a market cap of £2.70 billion, a P/E ratio of 6.40 and a beta of 1.05. B&M European Value Retail has a 12 month low of GBX 254.60 ($3.29) and a 12 month high of GBX 556.60 ($7.20). The stock’s 50 day moving average is GBX 291.91 and its two-hundred day moving average is GBX 348.92. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 315.77.

B&M European Value Retail Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were issued a dividend of GBX 15 ($0.19) per share. The ex-dividend date of this dividend was Thursday, January 16th. This is a boost from B&M European Value Retail’s previous dividend of $5.30. This represents a dividend yield of 4.75%. B&M European Value Retail’s dividend payout ratio is currently 35.88%.

Insider Buying and Selling

In related news, insider Oliver Tant bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of GBX 285 ($3.69) per share, for a total transaction of £21,375 ($27,637.70). Corporate insiders own 4.22% of the company’s stock.

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.