WM Morrison Supermarkets (LON:MRW) Shares Pass Above 200 Day Moving Average of $184.35

WM Morrison Supermarkets PLC (LON:MRW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $184.35 and traded as high as $188.85. WM Morrison Supermarkets shares last traded at $187.00, with a volume of 4,581,632 shares traded.

A number of research analysts recently commented on the company. Barclays restated an “underweight” rating on shares of WM Morrison Supermarkets in a research report on Friday, May 22nd. Credit Suisse Group decreased their target price on WM Morrison Supermarkets from GBX 231 ($2.84) to GBX 221 ($2.72) and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of WM Morrison Supermarkets in a research report on Thursday, April 23rd. UBS Group cut WM Morrison Supermarkets to a “neutral” rating and decreased their target price for the company from GBX 250 ($3.08) to GBX 190 ($2.34) in a research report on Wednesday, May 13th. Finally, Shore Capital reiterated a “house stock” rating on shares of WM Morrison Supermarkets in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. WM Morrison Supermarkets currently has an average rating of “Hold” and an average price target of GBX 206.30 ($2.54).

The company has a market cap of $4.49 billion and a PE ratio of 12.98. The company has a current ratio of 0.39, a quick ratio of 0.16 and a debt-to-equity ratio of 60.87. The stock has a 50 day moving average price of GBX 186.76 and a 200 day moving average price of GBX 184.35.

In other WM Morrison Supermarkets news, insider Andrew Higginson bought 21,340 shares of WM Morrison Supermarkets stock in a transaction on Thursday, July 23rd. The stock was acquired at an average price of GBX 186 ($2.29) per share, with a total value of £39,692.40 ($48,846.17).

About WM Morrison Supermarkets (LON:MRW)

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.

Read More: What are popular green investing opportunities?

Receive News & Ratings for WM Morrison Supermarkets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets and related companies with MarketBeat.com's FREE daily email newsletter.