WM Morrison Supermarkets’ (MRW) Underweight Rating Reiterated at Barclays

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Barclays reaffirmed their underweight rating on shares of WM Morrison Supermarkets (LON:MRW) in a report published on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also commented on MRW. Shore Capital restated a house stock rating on shares of WM Morrison Supermarkets in a research report on Thursday. UBS Group restated a buy rating and set a GBX 245 ($3.20) price target (down from GBX 260 ($3.40)) on shares of WM Morrison Supermarkets in a research report on Tuesday, September 3rd. Investec upgraded WM Morrison Supermarkets to a buy rating and increased their price target for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a research report on Wednesday, August 28th. Deutsche Bank restated a hold rating on shares of WM Morrison Supermarkets in a research report on Friday. Finally, Berenberg Bank decreased their price target on WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 230 ($3.01) and set a buy rating on the stock in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. WM Morrison Supermarkets has an average rating of Hold and an average price target of GBX 242.92 ($3.17).

LON MRW opened at GBX 207.25 ($2.71) on Friday. The firm has a market cap of $4.97 billion and a PE 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 stock’s 50 day simple moving average is GBX 188.79 and its 200 day simple moving average is GBX 207.97. 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 company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be issued 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 dividend payout ratio is 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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