B&M European Value Retail SA (OTCMKTS:BMRRY) Sees Significant Drop in Short Interest


B&M European Value Retail SA (OTCMKTS:BMRRY – Get Rating) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,100 shares, a decline of 95.2% from the August 31st total of 22,700 shares. Based on an average daily trading volume, of 78,100 shares, the short-interest ratio is presently 0.0 days.

B&M European Value Retail Price Performance

OTCMKTS:BMRRY traded down $0.11 on Tuesday, reaching $13.16. 74,758 shares of the company’s stock were exchanged, compared to its average volume of 50,580. The stock has a fifty-day simple moving average of $18.10 and a 200-day simple moving average of $21.42. B&M European Value Retail has a 52 week low of $13.09 and a 52 week high of $35.51.

B&M European Value Retail Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 19th. Investors of record on Friday, July 1st were issued a $0.4402 dividend. This represents a yield of 9.19%. The ex-dividend date of this dividend was Thursday, June 30th.

Analysts Set New Price Targets

A number of brokerages recently commented on BMRRY. Jefferies Financial Group downgraded B&M European Value Retail from a “hold” rating to an “underperform” rating in a research report on Tuesday, September 6th. UBS Group cut their price target on shares of B&M European Value Retail from GBX 560 ($6.77) to GBX 385 ($4.65) in a report on Wednesday, June 8th. Berenberg Bank decreased their price objective on shares of B&M European Value Retail from GBX 630 ($7.61) to GBX 460 ($5.56) in a report on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft upgraded shares of B&M European Value Retail from a “sell” rating to a “hold” rating in a research note on Wednesday, June 1st. Finally, Barclays raised shares of B&M European Value Retail from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $530.00.

B&M European Value Retail Company Profile

(Get Rating)

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of 701 stores under the B&M brand, and 311 stores under the Heron Foods and B&M Express brands in the United Kingdom; and 107 stores under the B&M brand in France. It also provides employment and property management services.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider B&M European Value Retail, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and B&M European Value Retail wasn’t on the list.

While B&M European Value Retail currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

.

Leave a Comment

Your email address will not be published. Required fields are marked *