WM Morrison Supermarkets (LON:MRW) Earns “Hold” Rating from Deutsche Bank

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Deutsche Bank restated their hold rating on shares of WM Morrison Supermarkets (LON:MRW) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also commented on MRW. Barclays reissued an underweight rating on shares of WM Morrison Supermarkets in a report on Tuesday, July 16th. Shore Capital reaffirmed a house stock rating on shares of WM Morrison Supermarkets in a report on Thursday. Jefferies Financial Group reduced their target price on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 255 ($3.33) and set a buy rating on the stock in a report on Monday, August 12th. Berenberg Bank reduced their target price on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 230 ($3.01) and set a buy rating on the stock in a report on Friday, August 16th. Finally, UBS Group reaffirmed a buy rating and set a GBX 245 ($3.20) target price (down previously from GBX 260 ($3.40)) on shares of WM Morrison Supermarkets in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. WM Morrison Supermarkets has a consensus rating of Hold and an average target price of GBX 242.92 ($3.17).

Shares of LON:MRW opened at GBX 207.25 ($2.71) on Friday. The company’s fifty day moving average price is GBX 188.79 and its 200-day moving average price is GBX 207.97. The firm has a market capitalization of $4.97 billion and a price-to-earnings ratio of 20.52. WM Morrison Supermarkets has a one year low of GBX 176.90 ($2.31) and a one year high of GBX 269.80 ($3.53). 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 firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be issued a dividend of GBX 3.93 ($0.05) per share. This represents a dividend yield of 1.94%. The ex-dividend date is Thursday, September 26th. WM Morrison Supermarkets’s dividend payout ratio is currently 0.69%.

About WM Morrison Supermarkets

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.

Read More: What is Liquidity?

Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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