Weekly Analysts’ Ratings Updates for WM Morrison Supermarkets (MRW)

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Several analysts have recently updated their ratings and price targets for WM Morrison Supermarkets (LON: MRW):

  • 4/9/2019 – WM Morrison Supermarkets had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.
  • 4/1/2019 – WM Morrison Supermarkets had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 3/29/2019 – WM Morrison Supermarkets had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 260 ($3.40) price target on the stock, down previously from GBX 285 ($3.72).
  • 3/28/2019 – WM Morrison Supermarkets was downgraded by analysts at Sanford C. Bernstein to a “market perform” rating. They now have a GBX 240 ($3.14) price target on the stock, down previously from GBX 280 ($3.66).
  • 3/22/2019 – WM Morrison Supermarkets had its price target lowered by analysts at Barclays PLC from GBX 225 ($2.94) to GBX 205 ($2.68). They now have an “underweight” rating on the stock.
  • 3/14/2019 – WM Morrison Supermarkets had its “neutral” rating reaffirmed by analysts at Citigroup Inc.
  • 3/14/2019 – WM Morrison Supermarkets had its price target lowered by analysts at Deutsche Bank AG from GBX 255 ($3.33) to GBX 235 ($3.07). They now have a “hold” rating on the stock.
  • 2/21/2019 – WM Morrison Supermarkets had its price target lowered by analysts at Berenberg Bank from GBX 285 ($3.72) to GBX 265 ($3.46). They now have a “buy” rating on the stock.

Shares of MRW stock opened at GBX 224 ($2.93) on Monday. WM Morrison Supermarkets PLC has a 12-month low of GBX 209.20 ($2.73) and a 12-month high of GBX 270.50 ($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 has a market capitalization of $5.24 billion and a PE ratio of 22.18.

The company also recently announced a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, May 23rd will be issued a GBX 8.75 ($0.11) dividend. This represents a dividend yield of 3.86%. This is a boost from WM Morrison Supermarkets’s previous dividend of $3.85. The ex-dividend date is Thursday, May 23rd. WM Morrison Supermarkets’s payout ratio is 0.69%.

In other news, insider Andrew Higginson bought 63,560 shares of WM Morrison Supermarkets stock in a transaction dated Thursday, January 31st. The shares were purchased at an average cost of GBX 236 ($3.08) per share, with a total value of £150,001.60 ($196,003.66).

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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