WM Morrison Supermarkets (LON:MRW) Rating Reiterated by Barclays
Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group cut their price target on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 255 ($3.33) and set a buy rating on the stock in a research report on Monday, August 12th. Berenberg Bank cut their price target on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 230 ($3.01) and set a buy rating on the stock in a research report on Friday, August 16th. Shore Capital reissued a house stock rating on shares of WM Morrison Supermarkets in a research report on Thursday, September 12th. UBS Group restated a buy rating and set a GBX 245 ($3.20) price objective (down from GBX 260 ($3.40)) on shares of WM Morrison Supermarkets in a research note on Tuesday, September 3rd. Finally, Investec upgraded shares of WM Morrison Supermarkets to a buy rating and boosted their price objective for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 243.33 ($3.18).
Shares of LON:MRW opened at GBX 208.40 ($2.72) on Friday. The company’s 50-day moving average price is GBX 188.76 and its two-hundred day moving average price is GBX 207.60. The company has a debt-to-equity ratio of 27.96, a current ratio of 0.42 and a quick ratio of 0.14. WM Morrison Supermarkets has a one year low of GBX 176.90 ($2.31) and a one year high of GBX 269.80 ($3.53). The stock has a market capitalization of $5.00 billion and a PE ratio of 20.63.
About WM Morrison Supermarkets
Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.
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