JPMorgan Chase & Co. reiterated its underweight rating on shares of B&M European Value Retail (LON:BME – Free Report) in a report released Friday morning, MarketBeat Ratings reports.
Other analysts have also recently issued reports on the company. Shore Capital reiterated an “not rated” rating on shares of B&M European Value Retail in a research note on Tuesday, April 16. Jefferies Financial Group downgraded B&M European Value Retail to a “hold” rating and increased their price target for the company 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 set a price target of GBX 660 ($8.37) on shares of B&M European Value Retail in a report on Wednesday, April 17. Two analysts have rated the stock with a “sell,” one has a “hold” rating and three have assigned a “buy” rating. According to MarketBeat.com, the company has a consensus rating of “hold” and a consensus price target of GBX 573.17 ($7.27).
Check out our latest stock analysis on BME
Performance of the B&M European Value Retail share
LON BME opened at GBX 437.20 ($5.55) on Friday. B&M European Value Retail has a 52-week low of GBX 437.20 ($5.55) and a 52-week high of GBX 618.20 ($7.84). The company has a debt-to-equity ratio of 280.00, a current ratio of 1.37 and a quick ratio of 0.38. The company has a market capitalization of £4.37 billion, a price-to-earnings ratio of 1,249.14 and a beta of 1.01. The company’s 50-day moving average is GBX 513.33 and its 200-day moving average is GBX 527.90.
B&M European Value Retail cuts dividend
The company also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will receive a dividend of £9.60 ($0.12). The ex-dividend date is Thursday, June 27th. This equates to a dividend yield of 1.76%. B&M European Value Retail’s dividend payout ratio is currently 4,285.71%.
Insiders place their bets
In related news, insider Hounaïda Lasry bought 7,000 shares of B&M European Value Retail on Thursday, June 6. The shares were purchased at an average price of £500 ($6.34) per share, for a total transaction of £35,000 ($44,399.34). Company insiders own 4.23% of the company’s shares.
About B&M European Value Retail
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B&M European Value Retail SA operates general merchandise 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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