WM Morrison Supermarkets PLC (LON:MRW) Receives GBX 255 Average PT from Analysts
Shares of WM Morrison Supermarkets PLC (LON:MRW) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 255 ($3.33).
A number of equities research analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 265 ($3.46) price target on shares of WM Morrison Supermarkets in a report on Monday, April 29th. Barclays cut shares of Barrick Gold from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Tuesday, July 16th. UBS Group set a $133.00 price target on shares of LHC Group and gave the company a “buy” rating in a report on Friday, May 10th. Deutsche Bank upped their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Shore Capital restated a “house stock” rating on shares of WM Morrison Supermarkets in a report on Wednesday, May 1st.
LON:MRW traded down GBX 4.25 ($0.06) during trading hours on Thursday, reaching GBX 196.75 ($2.57). The company’s stock had a trading volume of 8,278,866 shares, compared to its average volume of 9,680,000. The company has a market cap of $4.76 billion and a P/E ratio of 19.48. WM Morrison Supermarkets has a one year low of GBX 192.15 ($2.51) and a one year high of GBX 270.50 ($3.53). The business has a 50-day moving average of GBX 202.68. The company has a current ratio of 0.42, a quick ratio of 0.14 and a debt-to-equity ratio of 27.96.
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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