B&M European Value Retail (OTCMKTS:BMRRY) Trading 7.1% Higher – Here’s What Happened

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRYGet Free Report) shares shot up 7.1% during trading on Thursday . The company traded as high as $9.76 and last traded at $9.76. 7,351 shares changed hands during trading, an increase of 1% from the average session volume of 7,281 shares. The stock had previously closed at $9.11.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup lowered B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Zacks Research raised shares of B&M European Value Retail from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft cut shares of B&M European Value Retail from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, B&M European Value Retail has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on BMRRY

B&M European Value Retail Stock Up 7.1%

The stock has a 50 day simple moving average of $9.48 and a two-hundred day simple moving average of $9.84. 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

(Get Free Report)

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.

Further Reading

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