Canaccord Genuity Group Cuts B&M European Value Retail (LON:BME) Price Target to GBX 490

B&M European Value Retail (LON:BME - Free Report) had its target price reduced by Canaccord Genuity Group from GBX 545 ($6.85) to GBX 490 ($6.16) in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on BME. HSBC set a 640.00 price target on shares of B&M European Value Retail and gave the stock a "buy" rating in a research report on Monday, November 18th. Canaccord Genuity Group reduced their price target on shares of B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a "buy" rating on the stock in a research report on Friday, November 22nd. Citigroup reduced their price target on shares of B&M European Value Retail from GBX 540 ($6.79) to GBX 510 ($6.41) and set a "buy" rating on the stock in a research report on Friday, November 22nd. Morgan Stanley set a 358.00 price target on shares of B&M European Value Retail and gave the stock an "underweight" rating in a research report on Monday, November 18th. Finally, The Goldman Sachs Group assumed coverage on shares of B&M European Value Retail in a research report on Friday, November 22nd. They set a "buy" rating and a 475.00 price target on the stock. Two 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 546.83 ($6.88).

Remove Ads

B&M European Value Retail Trading Down 1.1 %

BME traded down GBX 3.10 ($0.04) during trading on Tuesday, reaching GBX 277.70 ($3.49). 4,810,243 shares of the company's stock were exchanged, compared to its average volume of 16,723,918. The company's fifty day moving average price is GBX 325.37 and its 200-day moving average price is GBX 375.83. The firm has a market capitalization of £2.80 billion, a PE ratio of 6.64 and a beta of 1.05. B&M European Value Retail has a fifty-two week low of GBX 254.60 ($3.20) and a fifty-two week high of GBX 561.80 ($7.06). The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06.

B&M European Value Retail Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 16th were paid a GBX 15 ($0.19) dividend. This is a positive change from B&M European Value Retail's previous dividend of $5.30. This represents a yield of 4.75%. The ex-dividend date of this dividend was Thursday, January 16th. B&M European Value Retail's payout ratio is presently 35.88%.

Insider Buying and Selling at B&M European Value Retail

In other news, insider Oliver Tant acquired 7,500 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of GBX 285 ($3.58) per share, for a total transaction of £21,375 ($26,880.03). 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.