UBS Group Reaffirms “Buy” Rating for B&M European Value Retail (LON:BME)

UBS Group reissued their buy rating on shares of B&M European Value Retail (LON:BME) in a research note published on Thursday, Digital Look reports. They currently have a GBX 425 ($5.55) price objective on the stock.

BME has been the subject of several other research reports. Royal Bank of Canada reduced their price objective on shares of B&M European Value Retail from GBX 450 ($5.88) to GBX 425 ($5.55) and set a top pick rating for the company in a research note on Friday, May 24th. HSBC dropped their target price on shares of B&M European Value Retail from GBX 500 ($6.53) to GBX 460 ($6.01) and set a buy rating on the stock in a report on Wednesday, May 29th. Liberum Capital reiterated a buy rating on shares of B&M European Value Retail in a report on Monday, July 22nd. JPMorgan Chase & Co. upgraded shares of B&M European Value Retail to an overweight rating in a report on Thursday, June 27th. Finally, Barclays reiterated an overweight rating on shares of B&M European Value Retail in a report on Tuesday, July 16th. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. B&M European Value Retail currently has an average rating of Buy and an average price target of GBX 436.50 ($5.70).

BME stock opened at GBX 339.90 ($4.44) on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.21 and a debt-to-equity ratio of 65.87. B&M European Value Retail has a 1 year low of GBX 277.70 ($3.63) and a 1 year high of GBX 431 ($5.63). The company has a fifty day simple moving average of GBX 350.89 and a 200 day simple moving average of GBX 359.54. The firm has a market cap of $3.40 billion and a PE ratio of 16.58.

The company also recently announced a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, June 20th were issued a GBX 4.90 ($0.06) dividend. This represents a yield of 1.34%. The ex-dividend date was 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 dividend payout ratio (DPR) is 0.39%.

In other news, insider Simon Arora sold 14,988,083 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of GBX 375 ($4.90), for a total transaction of £56,205,311.25 ($73,442,194.24). Also, insider Gilles Petit acquired 2,440 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of GBX 361 ($4.72) per share, for a total transaction of £8,808.40 ($11,509.73).

B&M European Value Retail Company Profile

B&M European Value Retail SA operates as a discount retailer in the United Kingdom, Germany, and France. It provides FMCG brands and non-grocery products through general merchandise and grocery stores, and convenience stores. The company operates a chain of 620 stores under the B&M brand; 281 stores under the Heron Foods brand; 96 stores under the Jawoll; and 96 stores under the Babou brand.

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Analyst Recommendations for B&M European Value Retail (LON:BME)

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