B&M European Value Retail (LON:BME) Coverage Initiated at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of B&M European Value Retail (LON:BME) in a report published on Monday. The brokerage issued an outperform rating and a 500.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Goodbody set a 660.00 target price on shares of B&M European Value Retail and gave the company a “buy” rating in a research report on Monday, July 29th. Canaccord Genuity Group reduced their target price on B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating on the stock in a report on Friday. Barclays set a 570.00 price target on B&M European Value Retail and gave the stock an “overweight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft set a 620.00 target price on B&M European Value Retail and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, HSBC set a 640.00 target price on B&M European Value Retail and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($7.07).

B&M European Value Retail Stock Performance

Shares of LON BME traded up GBX 7.30 ($0.09) during mid-day trading on Monday, hitting GBX 346.30 ($4.36). The company had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. The firm has a market cap of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. B&M European Value Retail has a 12 month low of GBX 324.80 ($4.09) and a 12 month high of GBX 618.20 ($7.78). The business’s 50-day simple moving average is GBX 400.18 and its 200-day simple moving average is GBX 450.55. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

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 issued a dividend of GBX 5.30 ($0.07) per share. This represents a yield of 1.4%. The ex-dividend date is Thursday, November 21st. B&M European Value Retail’s dividend payout ratio is currently 4,166.67%.

Insider Activity

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 ($5.34), for a total transaction of £36,472.48 ($45,917.76). 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.