WM Morrison Supermarkets (LON:MRW) Stock Rating Reaffirmed by Jefferies Financial Group

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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 Company Profile

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.

See Also: Overbought

Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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