WM Morrison Supermarkets (LON:MRW) had its price objective raised by Berenberg Bank from GBX 230 ($3.01) to GBX 235 ($3.07) in a research note released on Thursday morning, Digital Look reports. Berenberg Bank currently has a buy rating on the grocer’s stock.
Other analysts also recently issued research reports about the company. Investec raised WM Morrison Supermarkets to a buy rating and raised their price target for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Wednesday, August 28th. Citigroup reissued a neutral rating on shares of WM Morrison Supermarkets in a report on Friday. UBS Group reissued a buy rating and issued a GBX 245 ($3.20) price target (down previously from GBX 260 ($3.40)) on shares of WM Morrison Supermarkets in a report on Tuesday, September 3rd. Barclays reissued an underweight rating on shares of WM Morrison Supermarkets in a report on Friday. Finally, Shore Capital reissued a house stock rating on shares of WM Morrison Supermarkets in a report on Thursday. One 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 company presently has an average 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 Thursday. The company has a market cap of $4.97 billion and a price-to-earnings ratio of 20.52. WM Morrison Supermarkets has a 12-month low of GBX 176.90 ($2.31) and a 12-month high of GBX 269.80 ($3.53). The company has a current ratio of 0.42, a quick ratio of 0.14 and a debt-to-equity ratio of 27.96. The stock’s 50 day simple moving average is GBX 188.79 and its 200 day simple moving average is GBX 207.97.
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.
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