Shares of B&M European Value Retail SA (LON:BME) have received an average recommendation of “Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 441.43 ($5.77).
A number of brokerages recently weighed in on BME. HSBC set a €54.00 ($62.79) price objective on shares of ADO Properties and gave the stock a “neutral” rating in a report on Wednesday, May 29th. Jefferies Financial Group restated a “hold” rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Barclays lowered shares of Barrick Gold from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $15.00 to $18.00 in a report on Tuesday, July 16th. Numis Securities restated a “buy” rating and issued a GBX 1,800 ($23.52) price objective on shares of in a report on Monday, June 3rd. Finally, Macquarie began coverage on shares of Wynn Macau in a report on Monday, April 8th. They issued an “outperform” rating for the company.
In related news, insider Gilles Petit bought 2,440 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of GBX 361 ($4.72) per share, with a total value of £8,808.40 ($11,509.73).
The business also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 20th will be given a GBX 4.90 ($0.06) dividend. This represents a yield of 1.34%. The ex-dividend date is Thursday, June 20th. This is an increase from B&M European Value Retail’s previous dividend of $2.70. B&M European Value Retail’s payout ratio is 0.39%.
About B&M European Value Retail
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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