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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $10.7195, but opened at $11.34. B&M European Value Retail shares last traded at $11.34, with a volume of 115 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Sanford C. Bernstein began coverage on shares of B&M European Value Retail in a research report on Friday, May 15th. They set an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of B&M European Value Retail from a “sell” rating to a “hold” rating in a report on Thursday, July 16th. Citigroup restated a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, July 16th. Zacks Research downgraded B&M European Value Retail from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Finally, Panmure Gordon downgraded shares of B&M European Value Retail to a “hold” rating in a report on Wednesday, July 15th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, B&M European Value Retail presently has an average rating of “Reduce”.

B&M European Value Retail Price Performance

The business’s 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $9.61. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.42 and a quick ratio of 0.48.

B&M European Value Retail Company Profile

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.