B&M European Value Retail (LON:BME) Price Target Cut to GBX 510 by Analysts at Citigroup

B&M European Value Retail (LON:BME) had its price objective trimmed by Citigroup from GBX 540 ($6.77) to GBX 510 ($6.39) in a research report report published on Friday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other brokerages have also weighed in on BME. The Goldman Sachs Group started coverage on shares of B&M European Value Retail in a report on Friday. They set a “buy” rating and a 475.00 price objective for the company. BNP Paribas began coverage on B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 660.00 target price on the stock. Barclays set a 570.00 price target on shares of B&M European Value Retail and gave the company an “overweight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Panmure Gordon started coverage on shares of B&M European Value Retail in a report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 target price on the stock. Two equities research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 561.22 ($7.04).

B&M European Value Retail Stock Performance

B&M European Value Retail stock opened at GBX 346.30 ($4.34) on Friday. 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 firm’s fifty day moving average price is GBX 400.18 and its 200 day moving average price is GBX 450.55. The company has a market capitalization of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a 12-month low of GBX 324.80 ($4.07) and a 12-month high of GBX 618.20 ($7.75).

B&M European Value Retail Cuts Dividend

The company also recently declared 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. This represents a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 21st. B&M European Value Retail’s payout ratio is currently 4,166.67%.

Insider Transactions at B&M European Value Retail

In other news, insider Alex Russo sold 8,602 shares of B&M European Value Retail 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). Company insiders own 4.22% of the company’s stock.

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.