B&M European Value Retail (LON:BME) Given a 640.00 Price Target at HSBC

HSBC set a 640.00 price objective on B&M European Value Retail (LON:BME) in a report published on Monday morning. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on BME. Panmure Gordon started coverage on B&M European Value Retail in a report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 price objective for the company. Goodbody set a 660.00 price target on B&M European Value Retail and gave the stock a “buy” rating in a research note on Monday, July 29th. BNP Paribas initiated coverage on shares of B&M European Value Retail in a research note on Monday. They set an “outperform” rating and a 660.00 price objective on the stock. Finally, Canaccord Genuity Group decreased their target price on shares of B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating for the company in a research report on Friday. 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 company’s stock. According to data from MarketBeat, B&M European Value Retail presently has an average rating of “Moderate Buy” and an average target price of GBX 562.89 ($7.09).

B&M European Value Retail Stock Performance

B&M European Value Retail stock traded up GBX 7.30 ($0.09) during midday trading on Monday, reaching GBX 346.30 ($4.36). 5,004,899 shares of the stock traded hands, compared to its average volume of 4,232,208. B&M European Value Retail has a fifty-two week low of GBX 324.80 ($4.09) and a fifty-two week high of GBX 618.20 ($7.78). The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. The firm has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. The firm has a fifty day moving average price of GBX 400.18 and a two-hundred day moving average price of GBX 450.55.

B&M European Value Retail Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Alex Russo sold 8,602 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). Corporate 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.