JPMorgan Chase & Co. Issues Pessimistic Forecast for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME - Free Report) had its target price reduced by JPMorgan Chase & Co. from GBX 349 ($4.26) to GBX 320 ($3.91) in a research report released on Monday morning,London Stock Exchange reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group decreased their price target on B&M European Value Retail from GBX 600 ($7.33) to GBX 565 ($6.90) and set a "buy" rating for the company in a research note on Friday, November 22nd. Barclays set a 570.00 price target on shares of B&M European Value Retail and gave the stock an "overweight" rating in a research note on Friday, October 18th. BNP Paribas started coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They issued an "outperform" rating and a 660.00 target price on the stock. Redburn Atlantic set a 500.00 price target on B&M European Value Retail and gave the company a "neutral" rating in a report on Wednesday, September 25th. Finally, HSBC set a 640.00 target price on B&M European Value Retail and gave the company a "buy" rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, B&M European Value Retail presently has an average rating of "Moderate Buy" and an average target price of GBX 552.94 ($6.75).

B&M European Value Retail Stock Performance

LON BME opened at GBX 319 ($3.89) on Monday. The business has a 50 day simple moving average of GBX 360.45 and a two-hundred day simple moving average of GBX 408.89. B&M European Value Retail has a 1-year low of GBX 3.16 ($0.04) and a 1-year 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 stock has a market capitalization of £3.19 billion, a PE ratio of 886.11 and a beta of 1.05.

B&M European Value Retail Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a GBX 15 ($0.18) dividend. This represents a dividend yield of 4.75%. The ex-dividend date is Thursday, January 16th. This is a boost from B&M European Value Retail's previous dividend of $5.30. B&M European Value Retail's dividend payout ratio (DPR) is currently 4,166.67%.

Insider Buying and Selling at B&M European Value Retail

In related news, insider Oliver Tant bought 12,500 shares of the firm's stock in a transaction on Friday, December 6th. The shares were bought at an average price of GBX 361 ($4.41) per share, with a total value of £45,125 ($55,090.95). Also, insider Mike Schmidt sold 17,878 shares of B&M European Value Retail stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of GBX 353 ($4.31), for a total transaction of £63,109.34 ($77,047.17). 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.