B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Down – Should You Sell?

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) shares gapped down before the market opened on Friday . The stock had previously closed at $9.03, but opened at $8.81. B&M European Value Retail shares last traded at $8.81, with a volume of 107 shares.

Wall Street Analyst Weigh In

Several analysts have recently commented on BMRRY shares. Zacks Research lowered shares of B&M European Value Retail from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 9th. Citigroup cut B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft cut B&M European Value Retail from a “buy” rating to a “hold” rating in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, B&M European Value Retail presently has a consensus rating of “Moderate Buy”.

B&M European Value Retail Stock Performance

The stock’s 50-day moving average is $8.82 and its 200-day moving average is $11.55.

About B&M European Value Retail

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.