WM Morrison Supermarkets (MRW) Hits New 52-Week Low at $208.60

WM Morrison Supermarkets PLC (LON:MRW) shares reached a new 52-week low on Friday . The company traded as low as GBX 208.60 ($2.73) and last traded at GBX 209.50 ($2.74), with a volume of 2162482 shares trading hands. The stock had previously closed at GBX 211.10 ($2.76).

A number of research analysts have weighed in on the stock. UBS Group reiterated a “buy” rating and issued a GBX 260 ($3.40) target price (down from GBX 285 ($3.72)) on shares of WM Morrison Supermarkets in a research note on Friday, March 29th. Berenberg Bank upgraded shares of WM Morrison Supermarkets to a “buy” rating and boosted their target price for the company from GBX 250 ($3.27) to GBX 285 ($3.72) in a research note on Tuesday, February 5th. Jefferies Financial Group reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note on Tuesday, April 9th. Shore Capital reiterated a “house stock” rating on shares of WM Morrison Supermarkets in a research note on Wednesday, May 1st. Finally, Deutsche Bank reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. WM Morrison Supermarkets has an average rating of “Hold” and a consensus target price of GBX 249.09 ($3.25).

The company has a market cap of $4.99 billion and a P/E ratio of 20.80. 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 firm also recently declared a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, May 23rd will be paid a dividend of GBX 8.75 ($0.11) per share. This is a boost from WM Morrison Supermarkets’s previous dividend of $3.85. This represents a dividend yield of 3.86%. The ex-dividend date is Thursday, May 23rd. WM Morrison Supermarkets’s dividend payout ratio is presently 0.69%.

In related news, insider Trevor Strain sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of GBX 213 ($2.78), for a total transaction of £426,000 ($556,644.45).

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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.

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