B&M European Value Retail (OTCMKTS:BMRRY) Hits New 52-Week High – Still a Buy?

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $15.25 and last traded at $15.25, with a volume of 3,085 shares changing hands. The stock had previously closed at $14.63.

Analyst Upgrades and Downgrades

BMRRY has been the topic of several recent analyst reports. Panmure Gordon lowered shares of B&M European Value Retail to a “hold” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised shares of B&M European Value Retail from a “sell” rating to a “hold” rating in a research report on Thursday, July 16th. Zacks Research upgraded shares of B&M European Value Retail from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating on shares of B&M European Value Retail in a research note on Wednesday, October 21st. Finally, Citigroup restated a “neutral” rating on shares of B&M European Value Retail in a report on Thursday, July 16th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, B&M European Value Retail has an average rating of “Reduce”.

B&M European Value Retail Price Performance

The firm’s 50 day moving average is $13.52 and its 200 day moving average is $10.94. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.48 and a current ratio of 1.42.

B&M European Value Retail Company Profile

B&M European Value Retail plc is a discount retailer serving customers in the United Kingdom and France. The company operates under the B&M brand in the United Kingdom and France, offering a broad range of products at value-focused prices, including groceries, household goods, home furnishings, garden products, toys, do-it-yourself supplies, and seasonal merchandise.

In the United Kingdom, the group also operates Heron Foods, a discount food retailer focused on frozen, chilled, and ambient groceries.