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B&M European Value Retail S.A. (LON:BME – Get Rating) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 559.63 ($6.76).
BME has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 460 ($5.56) target price on shares of B&M European Value Retail in a research note on Tuesday, July 5th. Shore Capital restated a “hold” rating on shares of B&M European Value Retail in a research note on Tuesday, July 12th. Barclays reaffirmed an “overweight” rating and set a GBX 475 ($5.74) price target on shares of B&M European Value Retail in a research note on Wednesday, July 20th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 600 ($7.25) target price on shares of B&M European Value Retail in a report on Monday, May 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of B&M European Value Retail from GBX 580 ($7.01) to GBX 577 ($6.97) and set an “overweight” rating on the stock in a research note on Wednesday, June 29th.
B&M European Value Retail Stock Performance
Shares of BME opened at GBX 412.50 ($4.98) on Friday. The firm’s 50 day moving average price is GBX 392.06 and its two-hundred day moving average price is GBX 480.99. The company has a debt-to-equity ratio of 303.75, a quick ratio of 0.29 and a current ratio of 1.49. B&M European Value Retail has a twelve month low of GBX 344.26 ($4.16) and a twelve month high of GBX 651.40 ($7.87). The firm has a market cap of £4.13 billion and a P/E ratio of 982.14.
B&M European Value Retail Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, August 5th. Investors of record on Thursday, June 30th were paid a GBX 11.50 ($0.14) dividend. The ex-dividend date was Thursday, June 30th. This represents a yield of 2.51%. B&M European Value Retail’s dividend payout ratio (DPR) is currently 42.86%.
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 701 stores under the B&M brand, and 311 stores under the Heron Foods and B&M Express brands in the United Kingdom; and 107 stores under the B&M brand in France. It also provides employment and property management services.
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