WM Morrison Supermarkets (LON:MRW) Now Covered by Analysts at Credit Suisse Group
Credit Suisse Group began coverage on shares of WM Morrison Supermarkets (LON:MRW) in a research report sent to investors on Friday, Stock Target Advisor reports. The firm issued an outperform rating and a GBX 225 ($2.96) price objective on the grocer’s stock.
Several other equities analysts have also recently commented on MRW. Sanford C. Bernstein reduced their target price on WM Morrison Supermarkets from GBX 220 ($2.89) to GBX 200 ($2.63) and set a market perform rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. reduced their target price on WM Morrison Supermarkets from GBX 230 ($3.03) to GBX 200 ($2.63) and set a neutral rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group restated a buy rating and set a GBX 245 ($3.22) target price on shares of WM Morrison Supermarkets in a research report on Tuesday, January 7th. Goldman Sachs Group cut WM Morrison Supermarkets to a sell rating and reduced their target price for the stock from GBX 205 ($2.70) to GBX 175 ($2.30) in a research report on Thursday, January 23rd. Finally, Berenberg Bank cut WM Morrison Supermarkets to a hold rating and reduced their target price for the stock from GBX 225 ($2.96) to GBX 200 ($2.63) in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 215.82 ($2.84).
WM Morrison Supermarkets stock traded up GBX 1.20 ($0.02) during midday trading on Friday, hitting GBX 171.25 ($2.25). 16,541,654 shares of the company’s stock were exchanged, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a 52-week low of GBX 170 ($2.24) and a 52-week high of GBX 232.70 ($3.06). The stock has a 50-day moving average price of GBX 183.64 and a two-hundred day moving average price of GBX 193.16. The company has a debt-to-equity ratio of 60.58, a quick ratio of 0.16 and a current ratio of 0.35. The company has a market cap of $4.12 billion and a P/E ratio of 13.38.
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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