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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $12.80, but opened at $13.39. B&M European Value Retail shares last traded at $13.39, with a volume of 160 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BMRRY shares. Sanford C. Bernstein initiated coverage on B&M European Value Retail in a report on Friday, May 15th. They set an “underperform” rating on the stock. Zacks Research upgraded shares of B&M European Value Retail from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Panmure Gordon lowered shares of B&M European Value Retail to a “hold” rating in a research report on Wednesday, July 15th. Citigroup restated a “neutral” rating on shares of B&M European Value Retail in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of B&M European Value Retail from a “sell” rating to a “hold” rating in a report on Thursday, July 16th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, B&M European Value Retail presently has an average rating of “Reduce”.

B&M European Value Retail Stock Down 0.6%

The company has a quick ratio of 0.48, a current ratio of 1.42 and a debt-to-equity ratio of 2.78. The firm’s 50 day simple moving average is $11.45 and its two-hundred day simple moving average is $10.19.

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.