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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.73, but opened at $10.81. B&M European Value Retail shares last traded at $10.75, with a volume of 500 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of B&M European Value Retail in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of B&M European Value Retail in a report on Wednesday, June 10th. Finally, Sanford C. Bernstein assumed coverage on shares of B&M European Value Retail in a research note on Friday, May 15th. They issued an “underperform” rating for the company. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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B&M European Value Retail Stock Performance

The business has a 50 day moving average of $9.53 and a 200-day moving average of $9.34. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.27 and a current ratio of 1.26.

B&M European Value Retail Company Profile

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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.

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