UBS Group restated their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a report issued on Monday morning, Digital Look reports. UBS Group currently has a GBX 250 ($3.27) target price on the grocer’s stock, up from their previous target price of GBX 245 ($3.20).
A number of other equities analysts have also issued reports on MRW. Deutsche Bank reissued a hold rating on shares of WM Morrison Supermarkets in a report on Friday, September 13th. Investec raised WM Morrison Supermarkets to a buy rating and raised their price target for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Wednesday, August 28th. Jefferies Financial Group reduced their price objective on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 255 ($3.33) and set a buy rating for the company in a research report on Monday, August 12th. Shore Capital restated a house stock rating on shares of WM Morrison Supermarkets in a research report on Thursday, September 12th. Finally, Barclays restated an underweight rating on shares of WM Morrison Supermarkets in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 243.33 ($3.18).
LON MRW opened at GBX 200.10 ($2.61) on Monday. The company has a quick ratio of 0.14, a current ratio of 0.42 and a debt-to-equity ratio of 27.96. WM Morrison Supermarkets has a 52-week low of GBX 176.90 ($2.31) and a 52-week high of GBX 269.80 ($3.53). The business’s 50-day moving average price is GBX 188.70 and its 200 day moving average price is GBX 207.31. The firm has a market cap of $4.80 billion and a P/E ratio of 19.81.
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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