B&M European Value Retail (OTCMKTS:BMRRY) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of B&M European Value Retail (OTCMKTS:BMRRY) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on BMRRY. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of B&M European Value Retail in a research report on Wednesday, June 10th. Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a report on Thursday, June 11th. Finally, Sanford C. Bernstein initiated 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. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell”.

B&M European Value Retail Price Performance

Shares of BMRRY opened at $10.10 on Tuesday. B&M European Value Retail has a 12 month low of $8.11 and a 12 month high of $15.18. The stock’s 50 day moving average is $9.67 and its two-hundred day moving average is $9.43. 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.