Brokers Set Expectations for WM MORRISON SUP/ADR’s FY2020 Earnings (MRWSY)

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WM MORRISON SUP/ADR (OTCMKTS:MRWSY) – Equities researchers at Jefferies Financial Group boosted their FY2020 earnings estimates for shares of WM MORRISON SUP/ADR in a note issued to investors on Wednesday, March 13th. Jefferies Financial Group analyst J. Grzinic now expects that the company will post earnings per share of $0.92 for the year, up from their previous forecast of $0.89. Jefferies Financial Group also issued estimates for WM MORRISON SUP/ADR’s FY2021 earnings at $0.98 EPS.

Several other brokerages have also weighed in on MRWSY. Zacks Investment Research upgraded WM MORRISON SUP/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Citigroup upgraded WM MORRISON SUP/ADR from a “sell” rating to a “neutral” rating in a research report on Monday, February 4th. Berenberg Bank upgraded WM MORRISON SUP/ADR from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Finally, Morgan Stanley started coverage on WM MORRISON SUP/ADR in a research report on Thursday, February 7th. They set an “equal weight” rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $18.00.

Shares of WM MORRISON SUP/ADR stock opened at $14.79 on Friday. The company has a market capitalization of $6.99 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. WM MORRISON SUP/ADR has a fifty-two week low of $13.22 and a fifty-two week high of $17.47. The company has a quick ratio of 0.18, a current ratio of 0.37 and a debt-to-equity ratio of 0.22.

WM MORRISON SUP/ADR 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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