Investec reiterated their buy rating on shares of B&M European Value Retail SA (LON:BME) in a research report report published on Wednesday. Investec currently has a GBX 405 ($5.29) price target on the stock.
A number of other brokerages have also recently weighed in on BME. Liberum Capital reiterated a buy rating and issued a GBX 380 ($4.96) price target on shares of B&M European Value Retail SA in a research report on Thursday, May 25th. Numis Securities Ltd reissued an add rating and issued a GBX 410 ($5.35) price objective on shares of B&M European Value Retail SA in a research note on Thursday, May 25th. Peel Hunt reissued a buy rating and issued a GBX 440 ($5.75) price objective on shares of B&M European Value Retail SA in a research note on Thursday, May 25th. Jefferies Group LLC boosted their price objective on B&M European Value Retail SA from GBX 400 ($5.22) to GBX 415 ($5.42) and gave the stock a buy rating in a research note on Sunday, May 28th. Finally, HSBC Holdings plc boosted their price objective on B&M European Value Retail SA from GBX 400 ($5.22) to GBX 420 ($5.48) and gave the stock a buy rating in a research note on Monday, May 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. B&M European Value Retail SA has an average rating of Buy and an average target price of GBX 368.82 ($4.82).
Shares of B&M European Value Retail SA (LON:BME) opened at 344.80 on Wednesday. B&M European Value Retail SA has a 1-year low of GBX 218.40 and a 1-year high of GBX 372.20. The company’s market capitalization is GBX 3.45 billion. The firm has a 50-day moving average price of GBX 353.80 and a 200-day moving average price of GBX 316.26.
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The company also recently declared a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, June 22nd will be paid a dividend of GBX 3.90 ($0.05) per share. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, June 22nd. This is a positive change from B&M European Value Retail SA’s previous dividend of $1.90.
In other news, insider Simon Arora sold 60,000,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of GBX 363 ($4.74), for a total transaction of £217,800,000 ($284,408,461.74).
About B&M European Value Retail SA
B&M European Value Retail SA is a United Kingdom-based holding company of the Group. The Company is engaged in variety retailing in the United Kingdom and Germany. It operates in two segments: the UK retail segment, including grocery retailers and general merchandise retailers, and the German retail segment.
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