WM Morrison Supermarkets PLC (LON:MRW) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $212.04 and traded as high as $183.75. WM Morrison Supermarkets shares last traded at $181.80, with a volume of 9,533,661 shares traded.
A number of equities analysts have weighed in on MRW shares. Berenberg Bank dropped their price target on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 230 ($3.01) and set a “buy” rating for the company in a research report on Friday, August 16th. Shore Capital reiterated a “house stock” rating on shares of WM Morrison Supermarkets in a research report on Wednesday, May 1st. Investec upgraded shares of WM Morrison Supermarkets to a “buy” rating and upped their price target for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a research report on Wednesday. Barclays reiterated an “underweight” rating on shares of WM Morrison Supermarkets in a research report on Tuesday, July 16th. Finally, Deutsche Bank reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 243.75 ($3.19).
The company has a debt-to-equity ratio of 27.96, a current ratio of 0.42 and a quick ratio of 0.14. The stock’s 50-day moving average is GBX 193.10 and its two-hundred day moving average is GBX 210.82. The stock has a market cap of $4.36 billion and a P/E ratio of 18.07.
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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