WM Morrison Supermarkets PLC (MRW) Receives Average Rating of “Hold” from Analysts

WM Morrison Supermarkets PLC (LON:MRW) has been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 248.13 ($3.24).

Several research analysts recently commented on MRW shares. Deutsche Bank reissued a “hold” rating on shares of WM Morrison Supermarkets in a research report on Monday, April 1st. Berenberg Bank raised WM Morrison Supermarkets to a “buy” rating and increased their price target for the company from GBX 250 ($3.27) to GBX 285 ($3.72) in a research report on Tuesday, February 5th. Goldman Sachs Group reduced their price target on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 235 ($3.07) and set a “neutral” rating for the company in a research report on Monday, January 7th. Shore Capital reissued a “house stock” rating on shares of WM Morrison Supermarkets in a research report on Tuesday, February 5th. Finally, UBS Group reduced their price target on WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a “buy” rating for the company in a research report on Wednesday, January 2nd.

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

LON MRW traded down GBX 0.70 ($0.01) during trading hours on Tuesday, hitting GBX 221.40 ($2.89). 4,675,184 shares of the company traded hands, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a twelve month low of GBX 209.20 ($2.73) and a twelve month high of GBX 270.50 ($3.53). The company has a debt-to-equity ratio of 27.96, a quick ratio of 0.14 and a current ratio of 0.42. The stock has a market capitalization of $5.23 billion and a PE ratio of 21.92.

The firm also recently disclosed a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, May 23rd will be given 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 dividend payout ratio (DPR) is presently 0.69%.

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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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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