B&M European Value Retail (LON:BME - Free Report) had its price target lowered by Canaccord Genuity Group from GBX 600 ($7.55) to GBX 565 ($7.11) in a research note released on Friday, Marketbeat reports. The firm currently has a buy rating on the stock.
B&M European Value Retail Trading Up 2.2 %
Shares of BME traded up GBX 7.30 ($0.09) during midday trading on Friday, hitting GBX 346.30 ($4.36). The stock had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. B&M European Value Retail has a 1 year low of GBX 324.80 ($4.09) and a 1 year high of GBX 618.20 ($7.78). 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 stock's 50 day moving average is GBX 400.18 and its 200 day moving average is GBX 450.55. The firm has a market cap of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05.
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 4,166.67%.
Insider Buying and Selling
In other news, insider Alex Russo sold 8,602 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,917.76). 4.22% of the stock is owned by corporate insiders.
About B&M European Value Retail
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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.
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