B&M European Value Retail (OTCMKTS:BMRRY) Upgraded to Hold at Zacks Research

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

A number of other research firms also recently issued reports on BMRRY. Citigroup downgraded B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft lowered shares of B&M European Value Retail from a “buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

B&M European Value Retail Trading Up 1.0%

Shares of OTCMKTS BMRRY traded up $0.09 during midday trading on Monday, hitting $8.92. 16,264 shares of the stock traded hands, compared to its average volume of 9,289. The business has a 50 day moving average price of $8.73 and a two-hundred day moving average price of $11.19. B&M European Value Retail has a one year low of $8.11 and a one year high of $18.47. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.13.

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.