B&M European Value Retail S.A. (LON:BME) Increases Dividend to GBX 15 Per Share

B&M European Value Retail S.A. (LON:BME - Get Free Report) announced a dividend on Thursday, January 9th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 15 ($0.18) per share on Friday, February 14th. This represents a yield of 4.75%. The ex-dividend date is Thursday, January 16th. This is an increase from B&M European Value Retail's previous dividend of $5.30. The official announcement can be viewed at this link.

B&M European Value Retail Trading Down 0.9 %

LON:BME traded down GBX 3.01 ($0.04) during mid-day trading on Friday, reaching GBX 315.89 ($3.86). The company's stock had a trading volume of 508,872,500 shares, compared to its average volume of 80,236,820. The stock has a market cap of £3.16 billion, a P/E ratio of 877.47 and a beta of 1.05. B&M European Value Retail has a twelve month low of GBX 3.16 ($0.04) and a twelve month high of GBX 572.89 ($6.99). The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The company's fifty day simple moving average is GBX 361.98 and its two-hundred day simple moving average is GBX 410.42.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup reduced their price objective on B&M European Value Retail from GBX 540 ($6.59) to GBX 510 ($6.23) and set a "buy" rating on the stock in a research note on Friday, November 22nd. Panmure Gordon assumed coverage on B&M European Value Retail in a research note on Wednesday, October 2nd. They issued a "buy" rating and a 685.00 price objective on the stock. Canaccord Genuity Group reduced their price objective on B&M European Value Retail from GBX 600 ($7.33) to GBX 565 ($6.90) and set a "buy" rating on the stock in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on B&M European Value Retail and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays set a 570.00 target price on B&M European Value Retail and gave the company an "overweight" rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 561.22 ($6.85).

Insiders Place Their Bets

In other news, insider Mike Schmidt sold 17,878 shares of B&M European Value Retail stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.31), for a total value of £63,109.34 ($77,056.58). Also, insider Oliver Tant bought 12,500 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of GBX 361 ($4.41) per share, with a total value of £45,125 ($55,097.68). 4.22% of the stock is owned by company 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.