B&M European Value Retail S.A. (LON:BME) to Issue Dividend of GBX 15

B&M European Value Retail S.A. (LON:BME) announced a dividend on Thursday, January 9th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 16th will be given a dividend of GBX 15 ($0.18) per share on Friday, February 14th. This represents a dividend yield of 4.75%. The ex-dividend date is Thursday, January 16th. This is an increase from B&M European Value Retail’s previous dividend of $5.30. The official announcement can be viewed at this link.

B&M European Value Retail Stock Performance

Shares of LON BME traded down GBX 3.01 ($0.04) during mid-day trading on Friday, hitting GBX 315.89 ($3.89). The company had a trading volume of 508,872,500 shares, compared to its average volume of 80,236,820. B&M European Value Retail has a 12 month low of GBX 3.16 ($0.04) and a 12 month high of GBX 572.89 ($7.05). The firm has a market cap of £3.16 billion, a P/E ratio of 877.47 and a beta of 1.05. The business’s 50-day simple moving average is GBX 361.98 and its 200-day simple moving average is GBX 410.42. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BME shares. HSBC set a 640.00 price target on B&M European Value Retail and gave the stock a “buy” rating in a research report on Monday, November 18th. The Goldman Sachs Group assumed coverage on B&M European Value Retail in a research report on Friday, November 22nd. They set a “buy” rating and a 475.00 target price for the company. Canaccord Genuity Group cut their price target on shares of B&M European Value Retail from GBX 600 ($7.38) to GBX 565 ($6.95) and set a “buy” rating on the stock in a research report on Friday, November 22nd. Barclays set a 570.00 price objective on shares of B&M European Value Retail and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Panmure Gordon assumed coverage on shares of B&M European Value Retail in a research note on Wednesday, October 2nd. They issued a “buy” rating and a 685.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, B&M European Value Retail currently has an average rating of “Moderate Buy” and an average price target of GBX 561.22 ($6.91).

Insider Activity at B&M European Value Retail

In related news, insider Oliver Tant purchased 12,500 shares of the business’s stock in a transaction on Friday, December 6th. The stock was acquired at an average price of GBX 361 ($4.44) per share, with a total value of £45,125 ($55,524.79). Also, insider Mike Schmidt sold 17,878 shares of B&M European Value Retail stock in a transaction on Friday, November 22nd. The stock was sold at an average price of GBX 353 ($4.34), for a total transaction of £63,109.34 ($77,653.92). 4.22% of the stock is owned by corporate insiders.

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.