JPMorgan Chase & Co. Cuts B&M European Value Retail (LON:BME) Price Target to GBX 320

B&M European Value Retail (LON:BME) had its target price cut by JPMorgan Chase & Co. from GBX 349 ($4.27) to GBX 320 ($3.92) in a research report report published on Monday morning, Marketbeat reports. They currently have an underweight rating on the stock.

A number of other research analysts have also commented on BME. Royal Bank of Canada began coverage on B&M European Value Retail in a report on Monday, November 18th. They set an “outperform” rating and a 500.00 price target for the company. Redburn Atlantic set a 500.00 target price on shares of B&M European Value Retail and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft set a 620.00 price target on shares of B&M European Value Retail and gave the company a “buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group dropped their price objective on shares of B&M European Value Retail from GBX 600 ($7.34) to GBX 565 ($6.92) and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, The Goldman Sachs Group began coverage on shares of B&M European Value Retail in a research note on Friday, November 22nd. They issued a “buy” rating and a 475.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 552.94 ($6.77).

B&M European Value Retail Trading Up 2.6 %

Shares of LON:BME opened at GBX 322 ($3.94) on Monday. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The stock’s 50-day moving average is GBX 356.23 and its 200-day moving average is GBX 406.24. The company has a market cap of £3.22 billion, a P/E ratio of 894.44 and a beta of 1.05. B&M European Value Retail has a 52-week low of GBX 299.60 ($3.67) and a 52-week high of GBX 561.80 ($6.88).

B&M European Value Retail Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a dividend of GBX 15 ($0.18) per share. This is a boost from B&M European Value Retail’s previous dividend of $5.30. This represents a yield of 4.75%. The ex-dividend date is Thursday, January 16th. B&M European Value Retail’s payout ratio is currently 4,166.67%.

Insider Buying and Selling

In other B&M European Value Retail news, insider Oliver Tant purchased 12,500 shares of the stock in a transaction on Friday, December 6th. The stock was bought at an average cost of GBX 361 ($4.42) per share, for a total transaction of £45,125 ($55,232.56). Also, insider Mike Schmidt sold 17,878 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.32), for a total transaction of £63,109.34 ($77,245.21). 4.22% of the stock is owned by insiders.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express 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.