B&M European Value Retail (OTCMKTS:BMRRY) Reaches New 1-Year High – Still a Buy?

Shares of B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) reached a new 52-week high on Thursday. The stock traded as high as $17.46 and last traded at $17.46, with a volume of 1,124 shares traded. The stock had previously closed at $14.91.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BMRRY. Jefferies Financial Group restated a “hold” rating on shares of B&M European Value Retail in a research report on Wednesday, October 21st. Panmure Gordon lowered B&M European Value Retail to a “hold” rating in a research report on Wednesday, July 15th. Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a research note on Thursday, July 16th. Deutsche Bank upgraded B&M European Value Retail from a “sell” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, Zacks Research upgraded B&M European Value Retail from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

B&M European Value Retail Price Performance

The company has a current ratio of 1.42, a quick ratio of 0.48 and a debt-to-equity ratio of 2.78. The business has a fifty day moving average of $13.73 and a 200 day moving average of $11.12.

About B&M European Value Retail

B&M European Value Retail is a discount retailer operating stores in the United Kingdom and France. Its main UK retail brand is B&M, and its businesses also include Heron Foods, a UK convenience-focused food retailer. B&M stores sell a broad range of products, including groceries, household goods, homewares, toys, health and beauty items, DIY products, and seasonal and garden merchandise. The company’s value-focused retail model combines branded products with its own-label ranges. The business traces its origins to a store opened in Liverpool in 1978 and expanded under the ownership of Simon and Bobby Arora, who acquired it in 2004.