B&M European Value Retail (LON:BME) announced its quarterly earnings results on Tuesday. The company reported GBX 8 ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 7.80 ($0.10) by GBX 0.20 ($0.00), Digital Look Earnings reports.

Shares of LON BME traded down GBX 18.70 ($0.24) on Thursday, hitting GBX 355.70 ($4.65). The company had a trading volume of 3,923,951 shares, compared to its average volume of 3,550,000. B&M European Value Retail has a 12-month low of GBX 295.04 ($3.86) and a 12-month high of GBX 436.20 ($5.70).

The business also recently announced a dividend, which will be paid on Friday, December 21st. Stockholders of record on Thursday, November 22nd will be given a GBX 2.70 ($0.04) dividend. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, November 22nd.

BME has been the subject of several research analyst reports. Royal Bank of Canada upgraded B&M European Value Retail to an “outperform” rating in a research note on Tuesday, October 16th. Peel Hunt restated a “buy” rating on shares of B&M European Value Retail in a research note on Friday, September 28th. Credit Suisse Group dropped their price target on B&M European Value Retail from GBX 480 ($6.27) to GBX 470 ($6.14) and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of B&M European Value Retail in a research report on Wednesday. Finally, Barclays reaffirmed an “equal weight” rating on shares of B&M European Value Retail in a research report on Thursday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 464.17 ($6.07).

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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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