Citigroup Cuts B&M European Value Retail (LON:BME) Price Target to GBX 510

B&M European Value Retail (LON:BME) had its price target cut by Citigroup from GBX 540 ($6.80) to GBX 510 ($6.42) in a research report report published on Friday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Redburn Atlantic set a 500.00 target price on B&M European Value Retail and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Investec set a 495.00 price objective on shares of B&M European Value Retail and gave the stock a “hold” rating in a report on Wednesday, October 30th. Goodbody set a 660.00 target price on shares of B&M European Value Retail and gave the stock a “buy” rating in a research note on Monday, July 29th. The Goldman Sachs Group began coverage on shares of B&M European Value Retail in a research report on Friday. They set a “buy” rating and a 475.00 price target on the stock. Finally, Panmure Gordon started coverage on shares of B&M European Value Retail in a research report on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 561.22 ($7.07).

B&M European Value Retail Price Performance

Shares of LON BME opened at GBX 346.30 ($4.36) on Friday. The company has a debt-to-equity ratio of 308.86, a quick ratio of 0.38 and a current ratio of 1.32. The firm’s 50-day simple moving average is GBX 398.66 and its 200 day simple moving average is GBX 448.39. The stock 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 has a fifty-two week low of GBX 324.80 ($4.09) and a fifty-two week high of GBX 618.20 ($7.78).

B&M European Value Retail Cuts Dividend

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

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the stock in a transaction 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 ($45,929.33). Insiders own 4.22% of the company’s stock.

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.