B&M European Value Retail SA (BME) Receives Average Rating of “Buy” from Analysts
Shares of B&M European Value Retail SA (LON:BME) have received a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 462.14 ($6.04).
BME has been the subject of several recent analyst reports. Royal Bank of Canada raised shares of B&M European Value Retail to an “outperform” rating in a research note on Tuesday, October 16th. Peel Hunt reaffirmed a “buy” rating on shares of B&M European Value Retail in a research note on Friday, September 28th. Credit Suisse Group reduced their price objective on shares of B&M European Value Retail from GBX 480 ($6.27) to GBX 470 ($6.14) and set an “outperform” rating for the company in a research note on Wednesday, November 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of B&M European Value Retail in a research note on Wednesday, November 14th. Finally, Barclays reaffirmed an “equal weight” rating on shares of B&M European Value Retail in a research note on Thursday, October 25th.
LON:BME traded down GBX 10.60 ($0.14) during mid-day trading on Monday, hitting GBX 324.60 ($4.24). 18,666,085 shares of the stock traded hands, compared to its average volume of 3,550,000. B&M European Value Retail has a 12-month low of GBX 295.04 ($3.86) and a 12-month high of GBX 436.20 ($5.70).
The business also recently declared a dividend, which will be paid on Friday, December 21st. Shareholders of record on Thursday, November 22nd will be paid a GBX 2.70 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 22nd. This represents a yield of 0.72%.
B&M European Value Retail Company Profile
B&M European Value Retail SA operates as a general merchandise value retailer in the United Kingdom and Germany. As of March 31, 2018, the company operated approximately 576 stores under the B&M brand in the United Kingdom; and 265 stores under the Heron Foods brand, as well as 86 stores under the Jawoll brand in Germany.
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