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 brokerages have recently commented on BME. 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 reiterated a "hold" rating on shares of B&M European Value Retail in a research note on Tuesday, July 12th. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 600 ($7.25) price target on shares of B&M European Value Retail in a research note on Monday, May 30th. JPMorgan Chase & Co. cut their price target on B&M European Value Retail from GBX 580 ($7.01) to GBX 577 ($6.97) and set an "overweight" rating for the company in a research note on Wednesday, June 29th. Finally, Barclays reiterated an "overweight" rating and set a GBX 475 ($5.74) price target on shares of B&M European Value Retail in a research note on Wednesday, July 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 561.44 ($6.78).
B&M European Value Retail Stock Performance
Shares of LON:BME traded down GBX 0.10 ($0.00) during mid-day trading on Friday, reaching GBX 412.50 ($4.98). The company had a trading volume of 1,798,952 shares, compared to its average volume of 3,724,877. 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 firm has a market cap of £4.13 billion and a price-to-earnings ratio of 982.38. The company's 50-day moving average price is GBX 391.49 and its 200-day moving average price is GBX 482.56. B&M European Value Retail has a one year low of GBX 344.26 ($4.16) and a one year high of GBX 651.40 ($7.87).
B&M European Value Retail Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, August 5th. Shareholders of record on Thursday, June 30th were issued a dividend of GBX 11.50 ($0.14) per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a yield of 2.51%. B&M European Value Retail's payout ratio is 42.86%.