B&M European Value Retail SA (LON:BME – Free Report) announced a dividend on Wednesday, June 5, Upcoming.Co.Uk reports. Shareholders on the share register on Thursday, June 27 will receive a dividend of £9.60 (US$0.12) per share on Friday, August 2, equating to a dividend yield of 1.76%. The ex-dividend date is Thursday, June 27. The official announcement can be found at this link.
B&M European Value Retail shares lose 0.8%
BME stock opened at GBX 461.60 ($5.86) on Tuesday. B&M European Value Retail has a one year low of GBX 456.80 ($5.79) and a one year high of GBX 618.20 ($7.84). The company has a debt-to-equity ratio of 280.00, a quick ratio of 0.38 and a current ratio of 1.37. The company’s 50-day moving average is GBX 518.27 and its 200-day moving average is GBX 531.24. The company has a market capitalization of £4.62 billion, a P/E ratio of 1,329.14 and a beta of 1.01.
Upgrades and downgrades by analysts
BME has been the subject of several analyst reports lately. Shore Capital reiterated a “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16. JPMorgan Chase & Co. decreased their price target on B&M European Value Retail from GBX 585 ($7.42) to GBX 471 ($5.97) in a research note on Thursday, June 6 and gave the company an “underweight” rating in a research note. Jefferies Financial Group downgraded their rating on shares of B&M European Value Retail to “hold” and increased their price target for the stock from GBX 380 ($4.82) to GBX 525 ($6.66) in a research note on Monday, April 22. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a price target of GBX 660 ($8.37) on shares of B&M European Value Retail in a research note on Wednesday, April 17. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, and three have assigned a buy rating. According to MarketBeat, the stock has an average rating of “hold” and an average price target of GBX 573.17 ($7.27).
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Insider buying and selling at B&M European Value Retail
In other B&M European Value Retail news, insider Hounaïda Lasry purchased 7,000 shares of B&M European Value Retail on Thursday, June 6. The shares were acquired at an average price of GBP 500 (US$ 6.34) per share, for a total transaction of GBP 35,000 (US$ 44,399.34). 4.23% of the shares are currently owned by insiders.
About B&M European Value Retail
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B&M European Value Retail SA operates general stores and food stores. The company operates a chain of stores under the B&M, Heron Foods and B&M Express brands 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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