Canaccord Genuity Group Cuts B&M European Value Retail (LON:BME) Price Target to GBX 565

B&M European Value Retail (LON:BME) had its target price decreased by Canaccord Genuity Group from GBX 600 ($7.56) to GBX 565 ($7.11) in a report published on Friday, MarketBeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

B&M European Value Retail Price Performance

LON:BME opened at GBX 346.30 ($4.36) on Friday. The stock has a 50 day moving average of GBX 398.66 and a two-hundred day moving average of GBX 448.39. 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 firm has a market cap of £3.46 billion, a P/E ratio of 961.94 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.38 and a debt-to-equity ratio of 308.86.

B&M European Value Retail Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be issued 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 payout ratio is currently 4,166.67%.

Insiders Place Their Bets

In other B&M European Value Retail news, insider Alex Russo sold 8,602 shares of the 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 ($45,929.33). 4.22% of the stock is currently 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.