B&M European Value Retail (LON:BME) Given a 358.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a 358.00 price objective on B&M European Value Retail (LON:BME) in a research report released on Monday morning. The firm currently has an underweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. HSBC set a 640.00 price objective on shares of B&M European Value Retail and gave the company a “buy” rating in a research note on Monday. Goodbody set a 660.00 target price on B&M European Value Retail and gave the stock a “buy” rating in a report on Monday, July 29th. The Goldman Sachs Group began coverage on B&M European Value Retail in a report on Friday. They set a “buy” rating and a 475.00 target price on the stock. Canaccord Genuity Group lowered their target price on B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank of Canada began coverage on B&M European Value Retail in a report on Monday. They set an “outperform” rating and a 500.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 562.89 ($7.09).

B&M European Value Retail Stock Performance

Shares of LON BME traded up GBX 7.30 ($0.09) during midday trading on Monday, reaching GBX 346.30 ($4.36). 5,004,899 shares of the company traded hands, compared to its average volume of 4,232,208. B&M European Value Retail has a 52 week low of GBX 324.80 ($4.09) and a 52 week high of GBX 618.20 ($7.78). The stock has a 50-day moving average price of GBX 400.18 and a 200 day moving average price of GBX 450.55. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The company has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be issued a GBX 5.30 ($0.07) dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.4%. B&M European Value Retail’s dividend payout ratio (DPR) is currently 4,166.67%.

Insider Transactions at B&M European Value Retail

In other news, insider Alex Russo sold 8,602 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.34), for a total transaction of £36,472.48 ($45,917.76). Corporate insiders own 4.22% of the company’s stock.

About B&M European Value Retail

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.