B&M European Value Retail S.A. (LON:BME) Insider Oliver Tant Buys 12,500 Shares

B&M European Value Retail S.A. (LON:BME) insider Oliver Tant purchased 12,500 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of GBX 361 ($4.60) per share, for a total transaction of £45,125 ($57,506.05).

B&M European Value Retail Price Performance

B&M European Value Retail stock traded up GBX 1.60 ($0.02) during mid-day trading on Monday, reaching GBX 363.10 ($4.63). The company had a trading volume of 2,351,658 shares, compared to its average volume of 4,315,001. The company has a market cap of £3.63 billion, a P/E ratio of 1,004.17 and a beta of 1.05. B&M European Value Retail S.A. has a fifty-two week low of GBX 324.80 ($4.14) and a fifty-two week high of GBX 618.20 ($7.88). The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86. The business has a fifty day simple moving average of GBX 383.81 and a 200 day simple moving average of GBX 435.04.

B&M European Value Retail Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BME shares. Redburn Atlantic set a 500.00 price target on B&M European Value Retail and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Citigroup reduced their target price on shares of B&M European Value Retail from GBX 540 ($6.88) to GBX 510 ($6.50) and set a “buy” rating for the company in a report on Friday, November 22nd. Barclays set a 570.00 price target on shares of B&M European Value Retail and gave the company an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada began coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They set an “outperform” rating and a 500.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on B&M European Value Retail in a research report on Monday, September 9th. They issued an “underweight” rating and a 469.00 target price on the stock. 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, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($7.15).

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.