Morrisons (MRWSY) Lifted to Hold at Berenberg Bank

Morrisons (OTCMKTS:MRWSY) was upgraded by Berenberg Bank from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.

MRWSY has been the subject of a number of other reports. Sanford C. Bernstein raised Morrisons from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 29th. Zacks Investment Research raised Morrisons from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Friday, December 15th. Finally, Jefferies Group raised Morrisons from a “hold” rating to a “buy” rating in a research report on Monday, March 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.

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Shares of MRWSY stock opened at $15.69 on Friday. Morrisons has a 52-week low of $13.52 and a 52-week high of $16.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.28. The company has a market cap of $7,321.95, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.

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About Morrisons

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. It operates through 491 stores. The company is also involved in the manufacture and distribution of fresh food products; preparation and supply of seafood; processing of fresh meat; manufacture and distribution of morning goods and breads; investment, development, maintenance, and management of properties; produce packaging and purchasing; and the provision of leasing services.

The Fly

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