B&M European Value Retail S.A. (LON:BME) Plans Dividend Increase – GBX 15 Per Share

B&M European Value Retail S.A. (LON:BME) announced a dividend on Thursday, January 9th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 16th will be given 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 a positive change from B&M European Value Retail’s previous dividend of $5.30. The official announcement can be accessed at this link.

B&M European Value Retail Stock Down 0.9 %

Shares of LON:BME traded down GBX 3.01 ($0.04) during trading on Friday, hitting GBX 315.89 ($3.89). The stock had a trading volume of 508,872,500 shares, compared to its average volume of 80,236,820. The company has a market capitalization of £3.16 billion, a PE ratio of 877.47 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. The firm’s fifty day moving average is GBX 361.98 and its 200 day moving average is GBX 410.42. B&M European Value Retail has a 12 month low of GBX 3.16 ($0.04) and a 12 month high of GBX 572.89 ($7.05).

Wall Street Analyst Weigh In

Several equities analysts have commented on BME shares. Morgan Stanley set a 358.00 price objective on B&M European Value Retail and gave the company an “underweight” rating in a research report on Monday, November 18th. Panmure Gordon initiated coverage on shares of B&M European Value Retail in a research report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price target for the company. Redburn Atlantic set a 500.00 price objective on shares of B&M European Value Retail and gave the stock a “neutral” rating in a report on Wednesday, September 25th. BNP Paribas began coverage on shares of B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 660.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a 620.00 price target on B&M European Value Retail and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 561.22 ($6.91).

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Oliver Tant bought 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of GBX 361 ($4.44) per share, with a total value of £45,125 ($55,524.79). Also, insider Mike Schmidt sold 17,878 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.34), for a total value of £63,109.34 ($77,653.92). 4.22% of the stock is currently 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.