B&M European Value Retail (LON:BME) Given New GBX 565 Price Target at Canaccord Genuity Group

B&M European Value Retail (LON:BME) had its price objective cut by Canaccord Genuity Group from GBX 600 ($7.54) to GBX 565 ($7.10) in a report released on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

B&M European Value Retail Stock Up 1.2 %

Shares of LON:BME opened at GBX 350.30 ($4.40) on Friday. The firm has a 50 day simple moving average of GBX 398.66 and a 200-day simple moving average of GBX 448.39. B&M European Value Retail has a twelve month low of GBX 324.80 ($4.08) and a twelve month high of GBX 618.20 ($7.76). The company has a market capitalization of £3.50 billion, a PE ratio of 973.06 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.

B&M European Value Retail Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be given a GBX 5.30 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.4%. B&M European Value Retail’s dividend payout ratio (DPR) is 4,166.67%.

Insider Activity at B&M European Value Retail

In other news, insider Alex Russo sold 8,602 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.33), for a total transaction of £36,472.48 ($45,808.19). 4.22% of the stock is owned by 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.