B&M European Value Retail (LON:BME) PT Set at 358.00 by Morgan Stanley

Morgan Stanley set a 358.00 price objective on B&M European Value Retail (LON:BME - Free Report) in a research report released on Monday morning. The brokerage currently has an underweight rating on the stock.

A number of other research analysts have also weighed in on BME. Barclays set a 570.00 price objective on B&M European Value Retail and gave the company an "overweight" rating in a research report on Friday, October 18th. Investec set a 495.00 price target on B&M European Value Retail and gave the company a "hold" rating in a report on Wednesday, October 30th. Panmure Gordon began coverage on shares of B&M European Value Retail in a research note on Wednesday, October 2nd. They issued a "buy" rating and a 685.00 price target on the stock. HSBC set a 640.00 price objective on shares of B&M European Value Retail and gave the company a "buy" rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft set a 620.00 target price on shares of B&M European Value Retail and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 561.22 ($7.04).

B&M European Value Retail Stock Up 2.2 %

Shares of LON BME traded up GBX 7.30 ($0.09) during mid-day trading on Monday, hitting GBX 346.30 ($4.34). 4,273,311 shares of the stock traded hands, compared to its average volume of 4,232,208. The company has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. The stock has a fifty day moving average price of GBX 398.66 and a 200-day moving average price of GBX 449.36. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.07) and a 52 week high of GBX 618.20 ($7.75). The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32.

B&M European Value Retail Cuts Dividend

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

Insiders Place Their Bets

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the stock in a transaction dated 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). 4.22% of the stock is currently owned by corporate insiders.

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.