B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Up – Still a Buy?

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $9.0624, but opened at $10.36. B&M European Value Retail shares last traded at $10.44, with a volume of 8,042 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on BMRRY shares. Deutsche Bank Aktiengesellschaft downgraded shares of B&M European Value Retail from a “hold” rating to a “sell” rating in a report on Friday, May 29th. Sanford C. Bernstein started coverage on shares of B&M European Value Retail in a report on Friday, May 15th. They set an “underperform” rating for the company. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

B&M European Value Retail Price Performance

The business’s fifty day moving average is $9.21 and its 200-day moving average is $9.19. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.13.

About B&M European Value Retail

B&M European Value Retail is a leading discount variety retailer operating primarily in the United Kingdom and France. The company’s stores offer a broad assortment of value-focused merchandise, including groceries, health and beauty products, toys, seasonal items, homewares, DIY and gardening supplies, and pet care. By sourcing products directly from manufacturers and maintaining a lean cost structure, B&M aims to deliver everyday low prices to its customers.

Headquartered in Liverpool, England, B&M traces its origins back to the late 1970s and has grown through a combination of organic expansion and strategic acquisitions.