WM Morrison Supermarkets (LON:MRW) Price Target Raised to GBX 235 at Berenberg Bank

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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.

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 3.93 ($0.05) per share. This represents a yield of 1.94%. The ex-dividend date is Thursday, September 26th. WM Morrison Supermarkets’s 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.

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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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