B&M European Value Retail S.A. operates general merchandise and grocery stores. The company operates a chain of 701 stores under the B&M brand, and 311 stores under the Heron Foods and B&M Express brands in the United Kingdom; and 107 stores under the B&M brand in France. It also provides employment and property management services. The company was founded in 1978 and is based in Luxembourg, Luxembourg.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 600 ($7.25) target price on shares of B&M European Value Retail in a research note on Monday, May 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 480 ($5.80) target price on shares of B&M European Value Retail in a research note on Thursday, June 30th. Shore Capital restated a "hold" rating on shares of B&M European Value Retail in a research note on Tuesday, July 12th. Barclays restated an "overweight" rating and issued a GBX 475 ($5.74) target price on shares of B&M European Value Retail in a research note on Wednesday, July 20th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 460 ($5.56) target price on shares of B&M European Value Retail in a research note on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 561.44 ($6.78).
B&M European Value Retail Trading Up 3.1 %
LON:BME opened at GBX 432.20 ($5.22) on Wednesday. B&M European Value Retail has a 12 month low of GBX 344.26 ($4.16) and a 12 month high of GBX 651.40 ($7.87). The firm has a fifty day simple moving average of GBX 393.90 and a 200-day simple moving average of GBX 479.08. The company has a current ratio of 1.49, a quick ratio of 0.29 and a debt-to-equity ratio of 303.75. The company has a market capitalization of £4.33 billion and a P/E ratio of 1,029.05.
B&M European Value Retail Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, August 5th. Investors of record on Thursday, June 30th were issued a dividend of GBX 11.50 ($0.14) per share. The ex-dividend date was Thursday, June 30th. This represents a dividend yield of 2.51%. B&M European Value Retail's dividend payout ratio (DPR) is presently 42.86%.