B&M European Value Retail S.A. (LON:BME) Insider Hounaïda Lasry Acquires 7,000 Shares

B&M European Value Retail S.A. (LON:BMEGet Free Report) insider Hounaïda Lasry purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average price of GBX 500 ($6.41) per share, with a total value of £35,000 ($44,843.05).

B&M European Value Retail Stock Performance

LON BME opened at GBX 492.90 ($6.32) on Friday. The stock has a market cap of £4.93 billion, a PE ratio of 1,408.29 and a beta of 1.01. The company has a current ratio of 1.37, a quick ratio of 0.38 and a debt-to-equity ratio of 280.00. B&M European Value Retail S.A. has a twelve month low of GBX 483.70 ($6.20) and a twelve month high of GBX 618.20 ($7.92). The stock has a fifty day simple moving average of GBX 528.55 and a 200-day simple moving average of GBX 539.23.

B&M European Value Retail Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be issued a dividend of GBX 9.60 ($0.12) per share. This represents a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, June 27th. B&M European Value Retail’s dividend payout ratio is presently 4,285.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BME. Jefferies Financial Group cut B&M European Value Retail to a “hold” rating and upped their target price for the company from GBX 380 ($4.87) to GBX 525 ($6.73) in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 660 ($8.46) target price on shares of B&M European Value Retail in a report on Wednesday, April 17th. Shore Capital restated a “not rated” rating on shares of B&M European Value Retail in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. dropped their target price on B&M European Value Retail from GBX 585 ($7.50) to GBX 471 ($6.03) and set an “underweight” rating for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, B&M European Value Retail currently has an average rating of “Hold” and an average target price of GBX 572 ($7.33).

Check Out Our Latest Stock Analysis on BME

B&M European Value Retail Company Profile

(Get Free Report)

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.

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