B&M European Value Retail (LON:BME) Given a 640.00 Price Target at HSBC

HSBC set a 640.00 target price on B&M European Value Retail (LON:BME - Free Report) in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Panmure Gordon assumed coverage on shares of B&M European Value Retail in a research report on Wednesday, October 2nd. They set a "buy" rating and a 685.00 target price for the company. BNP Paribas began coverage on shares of B&M European Value Retail in a research report on Monday, November 18th. They set an "outperform" rating and a 660.00 price objective for the company. Goodbody set a 660.00 target price on shares of B&M European Value Retail and gave the company a "buy" rating in a report on Monday, July 29th. Finally, Canaccord Genuity Group decreased their price target on B&M European Value Retail from GBX 600 ($7.52) to GBX 565 ($7.08) and set a "buy" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 561.22 ($7.04).

B&M European Value Retail Trading Up 2.2 %

Shares of BME stock traded up GBX 7.30 ($0.09) on Monday, hitting GBX 346.30 ($4.34). The company had a trading volume of 4,273,311 shares, compared to its average volume of 4,232,208. B&M European Value Retail has a twelve month low of GBX 324.80 ($4.07) and a twelve month 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. The firm has a market cap of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. The stock's 50-day moving average is GBX 398.66 and its two-hundred day moving average is GBX 449.36.

B&M European Value Retail Cuts Dividend

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

Insider Buying and Selling

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction dated Wednesday, September 11th. The stock was 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 owned by company insiders.

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.