B&M European Value Retail (LON:BME) Coverage Initiated at Bank Of America (Bofa)

Bank Of America (Bofa) began coverage on shares of B&M European Value Retail (LON:BME - Free Report) in a report published on Friday, June 30th. The firm issued a buy rating and a 675.00 target price on the stock.

Other analysts also recently issued research reports about the stock. Shore Capital reaffirmed a "not rated" rating on shares of B&M European Value Retail in a report on Tuesday, April 16th. Citigroup cut their target price on shares of B&M European Value Retail from GBX 540 ($6.77) to GBX 510 ($6.39) and set a "buy" rating for the company in a research report on Tuesday, July 16th. Panmure Gordon assumed coverage on B&M European Value Retail in a report on Wednesday, October 2nd. They set a "buy" rating and a 685.00 price target on the stock. Royal Bank of Canada raised B&M European Value Retail to an "outperform" rating and lifted their price objective for the stock from GBX 460 ($5.77) to GBX 550 ($6.89) in a report on Monday, March 6th. Finally, Berenberg Bank reduced their price objective on B&M European Value Retail from GBX 645 ($8.09) to GBX 630 ($7.90) and set a "buy" rating for the company in a research report on Tuesday, November 14th. Two 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 561.22 ($7.04).

B&M European Value Retail Stock Performance

Shares of B&M European Value Retail stock traded up GBX 7.30 ($0.09) during trading on Friday, hitting GBX 346.30 ($4.34). 4,273,311 shares of the company's stock traded hands, compared to its average volume of 4,232,208. B&M European Value Retail has a 1 year low of GBX 324.80 ($4.07) and a 1 year high of GBX 618.20 ($7.75). The business has a 50-day simple moving average of GBX 398.66 and a 200-day simple moving average of GBX 449.36. The stock has a market capitalization of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. 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 Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.32), for a total transaction of £36,472.48 ($45,722.05). Company insiders own 4.22% 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.