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
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.
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