WM Morrison Supermarkets (LON:MRW) Hits New 1-Year Low Following Analyst Downgrade

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WM Morrison Supermarkets PLC (LON:MRW) shares hit a new 52-week low during trading on Tuesday after Jefferies Financial Group lowered their price target on the stock from GBX 265 to GBX 255. Jefferies Financial Group currently has a buy rating on the stock. WM Morrison Supermarkets traded as low as GBX 178.10 ($2.33) and last traded at GBX 182.30 ($2.38), with a volume of 650593 shares traded. The stock had previously closed at GBX 183.05 ($2.39).

Several other research analysts also recently commented on the company. Shore Capital reaffirmed a “house stock” rating on shares of WM Morrison Supermarkets in a report on Wednesday, May 1st. UBS Group reissued a “buy” rating on shares of WM Morrison Supermarkets in a research report on Friday, May 10th. Barclays reissued an “underweight” rating on shares of WM Morrison Supermarkets in a research report on Tuesday, July 16th. Finally, Deutsche Bank reissued a “hold” rating on shares of WM Morrison Supermarkets in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 247.27 ($3.23).

The company has a 50-day moving average price of GBX 199.23. The company has a quick ratio of 0.14, a current ratio of 0.42 and a debt-to-equity ratio of 27.96. The firm has a market capitalization of $4.35 billion and a PE ratio of 18.01.

About WM Morrison Supermarkets (LON:MRW)

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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