B&M European Value Retail (LON:BME) had its price objective cut by Jefferies Financial Group from GBX 420 ($5.49) to GBX 410 ($5.36) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Other research analysts have also issued reports about the stock. Barclays reissued an overweight rating on shares of B&M European Value Retail in a report on Tuesday, July 16th. Morgan Stanley reissued an equal weight rating on shares of B&M European Value Retail in a research report on Monday, November 11th. UBS Group reaffirmed a buy rating on shares of B&M European Value Retail in a research report on Tuesday, November 12th. Peel Hunt reissued a buy rating and issued a GBX 450 ($5.88) price objective on shares of B&M European Value Retail in a research report on Tuesday, November 12th. Finally, Shore Capital reissued a buy rating and issued a GBX 429 ($5.61) price objective on shares of B&M European Value Retail in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. B&M European Value Retail has a consensus rating of Buy and an average price target of GBX 427.23 ($5.58).
Shares of B&M European Value Retail stock traded up GBX 6.40 ($0.08) on Wednesday, reaching GBX 377.80 ($4.94). 5,165,553 shares of the stock were exchanged, compared to its average volume of 3,550,000. B&M European Value Retail has a 1-year low of GBX 277.70 ($3.63) and a 1-year high of GBX 402.50 ($5.26). The company has a current ratio of 1.23, a quick ratio of 0.16 and a debt-to-equity ratio of 208.08. The business has a fifty day moving average price of GBX 372.44 and a two-hundred day moving average price of GBX 362.54. The firm has a market capitalization of $3.76 billion and a PE ratio of 28.84.
The company also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a GBX 2.70 ($0.04) dividend. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 0.76%. B&M European Value Retail’s dividend payout ratio (DPR) is presently 0.61%.
About B&M European Value Retail
B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.
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