B&M European Value Retail S.A. (LON:BME) Announces 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 yield of 4.75%. The ex-dividend date is Thursday, January 16th. This is a positive change from B&M European Value Retail’s previous dividend of $5.30. The official announcement can be accessed at this link.

B&M European Value Retail Stock Performance

BME stock traded down GBX 3.01 ($0.04) 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. The stock has a market cap of £3.16 billion, a price-to-earnings ratio of 877.47 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. The stock’s 50-day simple moving average is GBX 361.98 and its 200 day simple moving average is GBX 410.42. 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).

Analysts Set New Price Targets

A number of research analysts have weighed in on BME shares. HSBC set a 640.00 target price on B&M European Value Retail and gave the company a “buy” rating in a report on Monday, November 18th. BNP Paribas initiated coverage on shares of B&M European Value Retail in a research note on Monday, November 18th. They issued an “outperform” rating and a 660.00 price objective on the stock. Barclays set a 570.00 target price on shares of B&M European Value Retail and gave the company an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group assumed coverage on shares of B&M European Value Retail in a research report on Friday, November 22nd. They issued a “buy” rating and a 475.00 price target on the stock. Finally, Morgan Stanley set a 358.00 price objective on shares of B&M European Value Retail and gave the company an “underweight” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, B&M European Value Retail currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 561.22 ($6.91).

Insider Buying and Selling

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