B&M European Value Retail (LON:BME) Now Covered by Royal Bank of Canada

Royal Bank of Canada started coverage on shares of B&M European Value Retail (LON:BME) in a research report released on Monday. The brokerage issued an outperform rating and a 500.00 price target on the stock.

Several other research firms have also recently issued reports on BME. Goodbody set a 660.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research report on Monday, July 29th. Barclays set a 570.00 target price on shares of B&M European Value Retail and gave the stock an “overweight” rating in a report on Friday, October 18th. Panmure Gordon began coverage on B&M European Value Retail in a report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a 620.00 target price on B&M European Value Retail and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, BNP Paribas began coverage on B&M European Value Retail in a research report on Monday. They set an “outperform” rating and a 660.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, 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 Price Performance

Shares of BME stock traded up GBX 7.30 ($0.09) during mid-day 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 company has a market capitalization of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. The stock’s 50 day moving average price is GBX 400.18 and its 200-day moving average price is GBX 450.55. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. 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).

B&M European Value Retail Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be paid a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 1.4%. B&M European Value Retail’s dividend payout ratio is presently 4,166.67%.

Insider Transactions at B&M European Value Retail

In related news, insider Alex Russo sold 8,602 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,917.76). 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.