B&M European Value Retail (LON:BME) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of B&M European Value Retail (LON:BME - Free Report) in a research report released on Friday. The brokerage issued a buy rating and a 475.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group dropped their price objective 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 research note on Friday. Barclays set a 570.00 price target on B&M European Value Retail and gave the stock an "overweight" rating in a research report on Friday, October 18th. Panmure Gordon assumed coverage on B&M European Value Retail in a research note on Wednesday, October 2nd. They set a "buy" rating and a 685.00 price objective on the stock. Investec set a 495.00 target price on shares of B&M European Value Retail and gave the company a "hold" rating in a research note on Wednesday, October 30th. Finally, BNP Paribas began coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They set an "outperform" rating and a 660.00 price target on the stock. Two investment 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 561.22 ($7.04).

B&M European Value Retail Price Performance

Shares of LON:BME traded up GBX 7.30 ($0.09) on Friday, reaching GBX 346.30 ($4.34). 4,273,311 shares of the company were exchanged, compared to its average volume of 4,232,208. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. B&M European Value Retail has a 1-year low of GBX 324.80 ($4.07) and a 1-year high of GBX 618.20 ($7.75). The company has a 50-day moving average of GBX 398.66 and a 200-day moving average of GBX 449.36. The firm has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Alex Russo sold 8,602 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.32), for a total value of £36,472.48 ($45,722.05). 4.22% of the stock is owned by corporate 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.