B&M European Value Retail S.A. (LON:BME) has received a consensus rating of "Hold" from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 595.60 ($8.01).
A number of research analysts have issued reports on BME shares. Royal Bank of Canada cut B&M European Value Retail to an "underperform" rating and lowered their price objective for the company from GBX 600 ($8.07) to GBX 575 ($7.73) in a research note on Monday, November 15th. Peel Hunt reaffirmed a "hold" rating and issued a GBX 575 ($7.73) price objective on shares of B&M European Value Retail in a report on Thursday, November 11th. Shore Capital reissued an "under review" rating on shares of B&M European Value Retail in a report on Thursday, November 11th. Morgan Stanley boosted their price target on B&M European Value Retail from GBX 554 ($7.45) to GBX 576 ($7.74) and gave the company an "equal weight" rating in a report on Wednesday, October 6th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 720 ($9.68) price objective on shares of B&M European Value Retail in a research report on Friday, December 3rd.
Shares of BME opened at GBX 634 ($8.52) on Friday. The stock's 50-day simple moving average is GBX 620.31 and its 200 day simple moving average is GBX 584.63. The stock has a market capitalization of £6.35 billion and a price-to-earnings ratio of 14.74. The company has a debt-to-equity ratio of 253.15, a quick ratio of 0.19 and a current ratio of 1.23. B&M European Value Retail has a 52-week low of GBX 494.70 ($6.65) and a 52-week high of GBX 651 ($8.75).
The company also recently announced a dividend, which will be paid on Friday, January 14th. Investors of record on Thursday, December 16th will be paid a GBX 25 ($0.34) dividend. This is a positive change from B&M European Value Retail's previous dividend of $5.00. The ex-dividend date is Thursday, December 16th. This represents a yield of 3.96%. B&M European Value Retail's dividend payout ratio (DPR) is 0.40%.
About B&M European Value Retail
B&M European Value Retail SA operates general merchandise and grocery stores. As of March 31, 2020, it operated 656 B&M branded stores and 293 Heron Foods branded stores in the United Kingdom; and 101 stores in France under the Babou and B&M brand. It also provides employment and administrative services.
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