Zacks Research Upgrades B&M European Value Retail (OTCMKTS:BMRRY) to “Hold”

B&M European Value Retail (OTCMKTS:BMRRY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Citigroup reiterated a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft upgraded shares of B&M European Value Retail from a “sell” rating to a “hold” rating in a report on Thursday, July 16th. Panmure Gordon downgraded shares of B&M European Value Retail to a “hold” rating in a report on Wednesday, July 15th. Finally, Sanford C. Bernstein started coverage on shares of B&M European Value Retail in a report on Friday, May 15th. They issued an “underperform” rating for the company. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

B&M European Value Retail Stock Down 0.0%

Shares of BMRRY opened at $12.24 on Wednesday. B&M European Value Retail has a 12-month low of $8.11 and a 12-month high of $14.16. The company’s 50-day moving average price is $10.46 and its 200 day moving average price is $9.74. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.48 and a current ratio of 1.42.

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.