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

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

A number of other research analysts have also weighed in on the company. Royal Bank of Canada initiated coverage on B&M European Value Retail in a report on Monday. They set an “outperform” rating and a 500.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of B&M European Value Retail in a research report on Monday, September 9th. They set an “underweight” rating and a 469.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a 620.00 price objective on B&M European Value Retail and gave the stock a “buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group dropped their price objective 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 research note on Friday. Finally, BNP Paribas initiated coverage on B&M European Value Retail in a research note on Monday. They issued an “outperform” rating and a 660.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($7.07).

B&M European Value Retail Stock Performance

LON BME traded up GBX 7.30 ($0.09) during trading hours on Monday, hitting GBX 346.30 ($4.36). 5,004,899 shares of the stock were exchanged, compared to its average volume of 4,232,208. The company has a quick ratio of 0.38, a current ratio of 1.32 and a debt-to-equity ratio of 308.86. B&M European Value Retail has a 12-month low of GBX 324.80 ($4.09) and a 12-month high of GBX 618.20 ($7.78). The company has a market cap of £3.46 billion, a price-to-earnings ratio of 961.94 and a beta of 1.05. The stock has a 50-day moving average of GBX 400.18 and a 200 day moving average of GBX 450.55.

B&M European Value Retail Cuts Dividend

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

Insider Activity at B&M European Value Retail

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,917.76). 4.22% of the stock is owned by corporate 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.