Shore Capital reissued their house stock rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note released on Thursday, Digital Look reports.

Other equities research analysts have also issued reports about the stock. UBS Group reaffirmed a buy rating and set a GBX 245 ($3.20) price target (down from GBX 260 ($3.40)) on shares of WM Morrison Supermarkets in a report on Tuesday, September 3rd. Deutsche Bank reaffirmed a hold rating on shares of WM Morrison Supermarkets in a report on Friday, July 12th. Investec raised shares of WM Morrison Supermarkets to a buy rating and lifted their price target for the company from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Wednesday, August 28th. Berenberg Bank decreased 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 report on Friday, August 16th. Finally, Barclays reaffirmed an underweight rating on shares of WM Morrison Supermarkets in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. WM Morrison Supermarkets has an average rating of Hold and a consensus target price of GBX 242.92 ($3.17).

Shares of WM Morrison Supermarkets stock traded up GBX 5.50 ($0.07) during midday trading on Thursday, hitting GBX 208.60 ($2.73). 13,386,240 shares of the company traded hands, compared to its average volume of 9,680,000. The stock has a market cap of $4.87 billion and a price-to-earnings ratio of 20.65. The company has a debt-to-equity ratio of 27.96, a quick ratio of 0.14 and a current ratio of 0.42. The firm’s fifty day moving average price is GBX 188.81 and its 200-day moving average price is GBX 208.11. WM Morrison Supermarkets has a 12 month low of GBX 176.90 ($2.31) and a 12 month high of GBX 269.80 ($3.53).

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be given a dividend of GBX 3.93 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 1.94%. WM Morrison Supermarkets’s dividend payout ratio is presently 0.69%.

WM Morrison Supermarkets Company Profile

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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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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