WM Morrison Supermarkets PLC (LON:MRW) Receives Consensus Rating of “Hold” from Analysts

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Shares of WM Morrison Supermarkets PLC (LON:MRW) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 248.75 ($3.25).

Several research analysts have commented on MRW shares. Berenberg Bank cut their price objective on WM Morrison Supermarkets from GBX 285 ($3.72) to GBX 265 ($3.46) and set a “buy” rating on the stock in a research report on Thursday, February 21st. Barclays cut their price objective on WM Morrison Supermarkets from GBX 225 ($2.94) to GBX 205 ($2.68) and set an “underweight” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 265 ($3.46) price objective on shares of WM Morrison Supermarkets in a research report on Monday, April 29th. Citigroup reissued a “neutral” rating on shares of WM Morrison Supermarkets in a research report on Thursday, March 14th. Finally, Sanford C. Bernstein lowered WM Morrison Supermarkets to a “market perform” rating and cut their price objective for the company from GBX 280 ($3.66) to GBX 240 ($3.14) in a research report on Thursday, March 28th.

In other WM Morrison Supermarkets news, insider Trevor Strain sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of GBX 213 ($2.78), for a total value of £426,000 ($556,644.45).

WM Morrison Supermarkets stock traded down GBX 0.70 ($0.01) during midday trading on Wednesday, reaching GBX 195.25 ($2.55). The stock had a trading volume of 6,945,026 shares, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a twelve month low of GBX 192.15 ($2.51) and a twelve month high of GBX 270.50 ($3.53). The stock has a market capitalization of $4.65 billion and a P/E ratio of 19.33. The company has a current ratio of 0.42, a quick ratio of 0.14 and a debt-to-equity ratio of 27.96.

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.

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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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