Berenberg Bank Initiates Coverage on WM Morrison Supermarkets PLC (MRWSY)
Investment analysts at Berenberg Bank started coverage on shares of WM Morrison Supermarkets PLC (NASDAQ:MRWSY) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.
A number of other research firms also recently weighed in on MRWSY. Zacks Investment Research upgraded shares of WM Morrison Supermarkets PLC from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, September 7th. HSBC Holdings plc reiterated a “hold” rating on shares of WM Morrison Supermarkets PLC in a research report on Tuesday, August 8th.
Shares of WM Morrison Supermarkets PLC (MRWSY) opened at 15.425 on Tuesday. The company has a market capitalization of $7.19 billion and a price-to-earnings ratio of 15.503. WM Morrison Supermarkets PLC has a 1-year low of $13.09 and a 1-year high of $16.59. The stock has a 50 day moving average price of $15.97 and a 200 day moving average price of $15.63.
WM Morrison Supermarkets PLC Company Profile
Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.
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