B&M European Value Retail (OTCMKTS:BMRRY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of B&M European Value Retail (OTCMKTS:BMRRY) from a buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “B&M European Value Retail S.A. is a multiprice value retailer. It offers fast-moving consumer goods and non-grocery products. The company operates primarily in United Kingdom and Germany. B&M European Value Retail S.A. is based in Luxembourg. “

BMRRY has been the subject of several other research reports. Royal Bank of Canada downgraded shares of B&M European Value Retail from an outperform rating to a sector perform rating and set a $31.84 target price for the company. in a report on Monday, July 26th. UBS Group reaffirmed a neutral rating on shares of B&M European Value Retail in a report on Thursday, July 1st. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of B&M European Value Retail in a report on Wednesday, July 14th. Berenberg Bank reaffirmed a buy rating on shares of B&M European Value Retail in a report on Tuesday, June 8th. Finally, Morgan Stanley reiterated an equal weight rating on shares of B&M European Value Retail in a research note on Friday, June 4th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $29.92.

Shares of BMRRY stock opened at $32.57 on Tuesday. The company has a 50-day simple moving average of $31.13 and a 200 day simple moving average of $30.99. B&M European Value Retail has a 52 week low of $23.23 and a 52 week high of $33.84.

About B&M European Value Retail

B&M European Value Retail SA is a general merchandise discount retailer. It offers FMCG brands and a variety of non-grocery products at range of categories and price points. The company’s product range is spreaded over a number of non-grocery merchandise categories, including housewares, DIY, electrical, toys and pet products.

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