B&M European Value Retail (LON:BME) Given New GBX 565 Price Target at Canaccord Genuity Group

B&M European Value Retail (LON:BME) had its price target reduced by Canaccord Genuity Group from GBX 600 ($7.54) to GBX 565 ($7.10) in a research report sent to investors on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

B&M European Value Retail Price Performance

Shares of BME opened at GBX 350.30 ($4.40) on Friday. B&M European Value Retail has a 1-year low of GBX 324.80 ($4.08) and a 1-year high of GBX 618.20 ($7.76). The stock has a market cap of £3.50 billion, a PE ratio of 973.06 and a beta of 1.05. The firm has a 50-day simple moving average of GBX 398.66 and a two-hundred day simple moving average of GBX 448.39. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

B&M European Value Retail Cuts Dividend

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

Insider Activity at B&M European Value Retail

In related news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.33), for a total value of £36,472.48 ($45,808.19). Company insiders own 4.22% of the company’s stock.

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.