UBS Group reiterated their buy rating on shares of B&M European Value Retail (LON:BME) in a research report report published on Friday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently weighed in on the stock. HSBC set a €54.00 ($62.79) target price on shares of ADO Properties and gave the company a neutral rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. downgraded shares of Sogou from a neutral rating to an underweight rating and lowered their target price for the company from $5.50 to $4.12 in a research note on Thursday, June 27th. Goldman Sachs Group reiterated a buy rating and set a GBX 265 ($3.46) price target on shares of Tesco in a research report on Tuesday, April 2nd. Barclays cut shares of Barrick Gold from an overweight rating to an equal weight rating and increased their price target for the company from $15.00 to $18.00 in a research report on Tuesday, July 16th. Finally, Macquarie assumed coverage on shares of Wynn Macau in a research report on Monday, April 8th. They set an outperform rating on the stock. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. B&M European Value Retail currently has a consensus rating of Buy and a consensus price target of GBX 441 ($5.76).
Shares of BME opened at GBX 358 ($4.68) on Friday. The company has a 50 day moving average of GBX 339.06. The stock has a market capitalization of $3.58 billion and a P/E ratio of 17.46. The company has a debt-to-equity ratio of 65.87, a current ratio of 1.46 and a quick ratio of 0.21. B&M European Value Retail has a 1-year low of GBX 277.70 ($3.63) and a 1-year high of GBX 436.40 ($5.70).
The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 4.90 ($0.06) per share. This is a boost from B&M European Value Retail’s previous dividend of $2.70. This represents a yield of 1.34%. The ex-dividend date of this dividend is Thursday, June 20th. B&M European Value Retail’s dividend payout ratio (DPR) is presently 0.39%.
In other B&M European Value Retail news, insider Gilles Petit purchased 2,440 shares of B&M European Value Retail stock in a transaction on Thursday, May 23rd. The shares were acquired at an average cost of GBX 361 ($4.72) per share, for a total transaction of £8,808.40 ($11,509.73).
B&M European Value Retail Company Profile
B&M European Value Retail SA operates as a general merchandise value retailer in the United Kingdom and Germany. As of March 31, 2018, the company operated approximately 576 stores under the B&M brand in the United Kingdom; and 265 stores under the Heron Foods brand, as well as 86 stores under the Jawoll brand in Germany.
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