Jefferies Financial Group reaffirmed their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report released on Tuesday morning, Stock Target Advisor reports.
MRW has been the subject of a number of other reports. UBS Group reiterated a buy rating and issued a GBX 250 ($3.29) price target (up from GBX 245 ($3.22)) on shares of WM Morrison Supermarkets in a research note on Monday, September 16th. Citigroup restated a neutral rating on shares of WM Morrison Supermarkets in a research note on Friday, September 13th. Berenberg Bank upped their price objective on shares of WM Morrison Supermarkets from GBX 230 ($3.03) to GBX 235 ($3.09) and gave the company a buy rating in a report on Thursday, September 12th. Goldman Sachs Group cut their price objective on shares of WM Morrison Supermarkets from GBX 235 ($3.09) to GBX 210 ($2.76) and set a neutral rating on the stock in a report on Friday, November 29th. Finally, Shore Capital reaffirmed a house stock rating on shares of WM Morrison Supermarkets in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 236.58 ($3.11).
Shares of MRW stock opened at GBX 193.65 ($2.55) on Tuesday. WM Morrison Supermarkets has a 1-year low of GBX 176.90 ($2.33) and a 1-year high of GBX 246.45 ($3.24). The stock’s fifty day moving average price is GBX 199.43 and its 200 day moving average price is GBX 197.79. The company has a debt-to-equity ratio of 60.58, a current ratio of 0.35 and a quick ratio of 0.16. The company has a market cap of $4.74 billion and a price-to-earnings ratio of 15.13.
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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