WM Morrison Supermarkets (LON:MRW) Given Neutral Rating at Citigroup
A number of other research analysts also recently issued reports on MRW. Investec raised shares of WM Morrison Supermarkets to a buy rating and boosted their price objective for the company from GBX 230 ($3.01) to GBX 240 ($3.14) in a research report on Wednesday, August 28th. Jefferies Financial Group reduced their price objective 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. UBS Group reissued 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 report on Tuesday, September 3rd. Barclays reissued an underweight rating on shares of WM Morrison Supermarkets in a research report on Friday. Finally, Shore Capital reissued a house stock rating on shares of WM Morrison Supermarkets in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 243.33 ($3.18).
Shares of WM Morrison Supermarkets stock opened at GBX 208.40 ($2.72) on Friday. The company has a current ratio of 0.42, a quick ratio of 0.14 and a debt-to-equity ratio of 27.96. The company’s fifty day simple moving average is GBX 188.76 and its two-hundred day simple moving average is GBX 207.60. The company has a market cap of $5.00 billion and a P/E ratio of 20.63. 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).
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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