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.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on BME. Berenberg Bank reissued a "buy" rating and set a GBX 460 ($5.56) price target on shares of B&M European Value Retail in a research report on Tuesday, July 5th. 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 report on Tuesday, July 12th. Barclays restated an "overweight" rating and issued a GBX 475 ($5.74) price objective on shares of B&M European Value Retail in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of B&M European Value Retail from GBX 580 ($7.01) to GBX 577 ($6.97) and set an "overweight" rating on the stock in a report on Wednesday, June 29th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 561.44 ($6.78).
B&M European Value Retail Stock Performance
Shares of BME Stock traded down GBX 8.30 ($0.10) during trading on Friday, reaching GBX 408 ($4.93). 1,380,763 shares of the company's stock traded hands, compared to its average volume of 3,659,448. The firm's 50-day moving average is GBX 395.76 and its 200 day moving average is GBX 477.65. The company has a market capitalization of £4.09 billion and a P/E ratio of 991.19. B&M European Value Retail has a 1 year low of GBX 344.26 ($4.16) and a 1 year high of GBX 651.40 ($7.87). The company has a current ratio of 1.49, a quick ratio of 0.29 and a debt-to-equity ratio of 303.75.
B&M European Value Retail Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, August 5th. Shareholders of record on Thursday, June 30th were given 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 is currently 42.86%.