B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Up – Here’s What Happened

Shares of B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) 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.

Analysts Set New Price Targets

BMRRY has been the subject of a number of research analyst reports. Sanford C. Bernstein started 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 downgraded B&M European Value Retail from a “hold” rating to a “sell” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, B&M European Value Retail currently has an average rating of “Reduce”.

B&M European Value Retail Trading Up 15.6%

The stock has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.16. 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.