JPMorgan Chase & Co. reaffirmed their underweight rating on shares of B&M European Value Retail (LON:BME – Free Report) in a research note published on Friday morning, Marketbeat.com reports.
A number of other brokerages have also recently commented on BME. Shore Capital reaffirmed a not rated rating on shares of B&M European Value Retail in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 660 ($8.37) price objective on shares of B&M European Value Retail in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group cut B&M European Value Retail to a hold rating and boosted their target price for the company from GBX 380 ($4.82) to GBX 525 ($6.66) in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of GBX 573.17 ($7.27).
Check Out Our Latest Analysis on BME
B&M European Value Retail Trading Down 1.8 %
B&M European Value Retail Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be given a dividend of GBX 9.60 ($0.12) per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 1.76%. B&M European Value Retail’s dividend payout ratio (DPR) is presently 4,285.71%.
Insiders Place Their Bets
In other B&M European Value Retail news, insider Hounaïda Lasry purchased 7,000 shares of B&M European Value Retail stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of GBX 500 ($6.34) per share, for a total transaction of £35,000 ($44,399.34). Corporate insiders own 4.23% 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.
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