JPMorgan Chase & Co. reaffirmed their underweight rating on shares of B&M European Value Retail (LON:BME – Free Report) in a research note published on Friday, MarketBeat.com reports.
Other analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 660 ($8.37) price objective on shares of B&M European Value Retail in a research report on Wednesday, April 17th. Jefferies Financial Group downgraded shares of B&M European Value Retail to a hold rating and upped their price objective for the company from GBX 380 ($4.82) to GBX 525 ($6.66) in a research note on Monday, April 22nd. Finally, Shore Capital reissued a not rated rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, B&M European Value Retail currently has a consensus rating of Hold and a consensus price target of GBX 573.17 ($7.27).
View Our Latest Analysis on B&M European Value Retail
B&M European Value Retail Stock Performance
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 issued a GBX 9.60 ($0.12) dividend. This represents a yield of 1.76%. The ex-dividend date is Thursday, June 27th. B&M European Value Retail’s dividend payout ratio is 4,285.71%.
Insider Activity
In other news, insider Hounaïda Lasry purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was bought at an average cost of GBX 500 ($6.34) per share, with a total value of £35,000 ($44,399.34). Insiders own 4.23% of the company’s stock.
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.
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