B&M European Value Retail (OTCMKTS:BMRRY) Downgraded by Jefferies Financial Group to “Underperform” – MarketBeat

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B&M European Value Retail (OTCMKTS:BMRRYGet Rating) was downgraded by analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research report issued on Tuesday, The Fly reports.

Several other equities analysts have also weighed in on BMRRY. Barclays upgraded B&M European Value Retail from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft upgraded B&M European Value Retail from a “sell” rating to a “hold” rating in a report on Wednesday, June 1st. UBS Group cut their price objective on B&M European Value Retail from GBX 560 ($6.77) to GBX 385 ($4.65) in a research report on Wednesday, June 8th. Finally, 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 research note on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $530.00.

B&M European Value Retail Trading Down 1.0 %

OTCMKTS BMRRY opened at $16.87 on Tuesday. B&M European Value Retail has a fifty-two week low of $16.50 and a fifty-two week high of $35.51. The stock has a 50-day simple moving average of $19.08 and a two-hundred day simple moving average of $23.43.

About B&M European Value Retail

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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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